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Sox is the most dependable audit tool for corporate, why it is not being followed as a standard procedure for all the companies?

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Question added by Krishnan Natarajan , Sr.Commercial Manager , Bates 141
Date Posted: 2013/06/21
Satish Chandran Jayarama
by Satish Chandran Jayarama , General Manager - Finance , PAN ASIA GROUP

The business model of every company differ and are not unique. Although SOX is a dependable audit tool for corporate, there are standard procedures applicable to all companies and certain procedures are implemented based on the business model. The companies have to create their own "Disclosure, Controls & Procedures". Such controls should be in place over financial reporting. 

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