The Sarbanes Oxley Act (SOX) internal control standards apply only to companies listed on U.S. exchanges. True or false?

Business · High School · Wed Jan 13 2021

Answered on

That statement is false.

The Sarbanes-Oxley Act (SOX) internal control standards apply not only to companies listed on U.S. exchanges but also to any company that falls under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). This includes foreign companies listed on U.S. exchanges as well as any company with registered securities or companies required to file reports with the SEC, regardless of whether they are listed on U.S. exchanges.

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