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SOX

Deepika Chauhan (Article) (35 Points)

11 December 2007

Hi frends!!!!!

can any one tell me what SOX audit is all about?????

is it implemented in INdia?

How does one proceed in a SOX Audit?????????

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6 Replies

CA.Anuj kumar sharma (Service in Public Ltd. Co.) (99 Points)
Replied 11 December 2007

Hi Deepika, sox is d concept used for procedural audit, according to me.Better to refer any book, i can tel to u.feel free 2 talk at 9953410368. bye

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Surendra (Finance) (71 Points)
Replied 11 December 2007

Hi... SOX means Sarbanes Oxley Act.. It requires the procedural and Internal control compliances.... Every company which is listed in US has to comply SOX.. Even for suppose for the Company X which is listed in US and has branches in India... it has to comply for that.. For any further clarifications pls refer to book SOX written by Mohan R. Lavi

CA CS CIMA Prakash Somani (Landmark Group) (23512 Points)
Replied 11 December 2007

You can refer the latest CA JOURNAL in which EXCELLENT DETAILS ARE GIVEN. I am demn sure that is very much useful to underdstand the concept of SOX compliances. Hope for the best. Gd by

PAVAN (Chartered Accountant) (93 Points)
Replied 11 December 2007

hai if u r getting any material or any information relating to SOX .. pls forward to me .. pls do the need ful ... urs PAVAN

(Guest)

SOX refres to Sarbanes Oxley Act, 2002. It is mandatory for every Company listed on SEC ( Securities Exchange Commission ) of US. Every US registered co. should comply with this Act. Registered company should report to SEC in Form - 20F within 180 days from the close of financial year. It is for Internal Control procedure, the mgt should responsible for compliying the Internal control. The internal Control should be in accorance with AS- 2. For more details Pls log on pcaobus.com