19 March 2008
DEAR CO-LEAGUE PLEASE TELL ME WHAT IS SOX 2002 ACT . IS IT SIMILAR TO AUDIT PRACTICE IN INDIA AS PER OUR AAS.IF YES WOULD OUR GOVT PLANNING FOR SAME ACT FOR MANDATORY APPLICATION OF AUDIT TO EVERY COMPANY
19 March 2008
SOX means Sorbanes Oxley Act. It lays down the provisions to be complied with by a company listed in US stock Exchange. In india Equivalent of SOX is Clause 49 of Listing agreement.