The Sarbanes-Oxley Act (SOX) establishes enhanced standards for U.S. public company boards, management, and public accounting firms to protect investors from fraudulent financial reporting. It mandates rigorous internal controls, auditor independence, and corporate governance practices. For procurement and supply chain professionals, understanding SOX is crucial as it affects financial reporting, internal controls, and compliance requirements. Adhering to SOX ensures transparency, accuracy in financial disclosures, and strengthens overall corporate governance, thereby enhancing investor confidence and mitigating financial risks.

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