The Sarbanes-Oxley Act (SOX) was signed into law on July 30, 2002. It is arguably the most significant corporate reform legislation since the Great Depression. Sarbanes-Oxley mandates requirements, including reporting on internal control over financial reporting. The newly created Public Company Accounting Oversight Board (PCAOB) has the responsibility of establishing standards applicable to audits of internal control over financial reporting.
Navigate to the PCAOB's website (http://www.pcaobus.org/) to review the full text of SOX and answer the following questions.