What was contained in the legislation and what prompted it, Financial Accounting

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What was contained in the legislation and what prompted it

Problem

World of business, explain what we mean by the term compliance.

i. Relating to this, is anyone familiar with the Sarbanes-Oxley (SOX) legislation enacted by Congress in 2002?
ii. What was contained in this legislation, and what prompted it?
iii. Can you provide a specific example of one of the major points of this legislation?
iv. Why was it enacted?
v. Separately, does the term compliance apply to other business areas besides the SOX legislation?

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Financial Accounting: What was contained in the legislation and what prompted it

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Financial Accounting: What was contained in the legislation and what prompted it

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