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Looks at the Sarbanes-Oxley Act of 2002 (sometimes referred to as "SOX"), that requires all public companies doing business in the US to follow a comprehensive accounting framework. SOX means that companies will be required to disclose certain financial information publicly, in a standard and transparent manner. It aims to eliminate any possible repeat of the 'creative accounting' corporate scandals which came to light in the US at the start of the new Millennium. Sarbanes-Oxley is not merely a US problem, it has relevance for many organisations, particularly for subsidiaries of US corporations. And it is far from being the end of the story, similar legislation is appearing within Europe and it is likely that the principles of Sarbanes-Oxley will be taken up by regulatory authorities outside of the US as guidelines for good corporate governance.