Sarbanes-Oxley Act: A CPA's perspective.

The article discusses the consequences of the implementation of the act named "Sarbanes-Oxley Act (SOX)." Special attention should be paid during the planning process to understand and consider the specific business needs and processes of each business unit. It is beneficial to understand all phases of the implementation and then evaluate instances where technology might help to close some loop holes. The person involved in the implementation of the act should have deep knowledge of accounting and internal control structure and procedures of a business unit.