The main purpose for the sox act is to dissuade big

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impede, or influence a legal investigation” (Sarbanes-Oxley Act Section 802, 2003). The main purpose for the SOX Act is to dissuade big businesses from committing financial fraud through stricter regulations and steep penalties. As these businesses affect the stock market, it is important that they are regulated by third parties and even the federal government. If these companies did what they wanted to, the nation would suffer while these businesses continued to steal and profit. References Bumgardner, L. (2003). Reforming Corporate America. Graziadio Business Review. Volume 6 Issue 1. Retrieved from Sarbanes-Oxley Act Section 802. (2003). Sarbanes-Oxley Act 2002. Retrieved from Sarbanes-Oxley Act Section 302. (2003). Sarbanes-Oxley Act 2002). Retrieved from Slaughter, J. (n.d.). The Impact of the Sarbanes-Oxley Act on American Businesses. Small Business Chronicle. Retrieved from - oxley-act-american-businesses-1547.html There have been many corporate scandals in the past several years, which caused the U.S. Congress to pass the  Sarbanes-Oxley Act of 2002 (SOX). Discuss the impact SOX has had on companies, including the implication the Act has  had on the CEO and CFO of the company.
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