The US Federal Sarbanes-Oxley Act (SOX)

Sarbanes-Oxley (SOX)

The Sarbanes-Oxley Act of 2002 (SOX) introduced new and expanded existing standards for all listed US companies and their board members.

New and expanded existing standards for all listed US companies and their board members.

The Sarbanes-Oxley Act was introduced in 2002 as a reaction to the accounting scandals of some American corporations. The Act intends to improve the reliability of the reporting of corporations which make use of the US capital markets. According to Section 404 of the Sarbanes-Oxley Act, every annual financial report must include an assessment of the effectiveness of its internal control system provided by the company's management as well as an opinion by the auditor on the effectiveness of the internal controls regarding the accounting. Adhering to these standards presumes that the company has a comprehensive understanding of its business processes and internal controls. 


KPMG's expertise

  • KPMG has a team of experts who are very experienced in the implementation of SOX in order to identify any weaknesses in the internal controls for the financial reporting
  • Let KPMG support your SOX implementation
  • Because we have access to resources in different time zones, we are able to considerably shorten audit process times
  • KPMG's in-depth knowledge will help you to be compliant with current and future statutory requirements

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US GAAP

US GAAP are still relevant in Switzerland despite the growing importance of IFRS.

 
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