Mod5 Case: The changing interaction of finance, information, and technology
The Sarbanes Oxley Act was enacted to safeguard investors by making new guidelines for corporate guidelines and also suggesting penalties for the failure to do. The Sarbanes-Oxley Act created new standards for corporate accountability as well as new penalties for acts of wrongdoing. (Sox Onlin, 2011) The act has put tremendous pressure on the IT management system of the companies. The act was designed mainly on account of several giant corporate firms losing billions of investors money by cooking up fake financial transactions.