Tell something about SOX(Sarbanes Oxley Act)

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The Sarbanes-Oxley Act (SOX) is a US federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

SOX was introduced in response to accounting scandals such as Enron and WorldCom.
It requires public companies to establish and maintain internal controls to ensure accurate financial reporting.
SOX mandates independent audits of financial statements by external auditors.
It holds CEOs and CFOs personally responsible for the accuracy of financial statements.
SOX also established the Public Company Accounting Oversight Board (PCAOB) to oversee auditors of public companies.
Non-compliance with SOX can result in severe penalties, including fines and imprisonment.