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    Sarbanes Oxley Act, commonly known as SOX or SarbOx, is the single most important piece of legislation approved by the U.S. House of Representatives and the senate in 2002.The law affects corporate boards, financial disclosure and the general practice of public accounting. It sets new accountability standards and criminal penalties for corporate management.

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    ity standards and criminal penalties for corporate management.

    The quantity of money a business spends complying with the SOX Act depends on the extent of its current procedures, organization, and technology. Analysts complain that it is difficult to estimate the total cost. The 2004 statistics show that a typical corporation spends $4.6 million in 2004 on Sarbane

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