SOX Compliance Suite - Version 1.0 SOX Compliance ActThe Sarbanes-Oxley Act of 2002 was enacted in July 30, 2002. It is also known as the 'Public Company Accounting Reform and Investor Protection Act' and 'Corporate and Auditing Accountability and Responsibility Act' .It is commonly known as Sarbanes-Oxley, Sarbox or SOX. SOX is a United States federal law, which set new or enhanced standards for all U.S. public company boards, management and public accounting firms. It is named after sponsors U.S. Senator Paul Sarbanes and U.S. Representative Michael G. Oxley.Need for SOX complianceIt is essential for every organisations to report their internal audit structure to Securities and Exchange Commission(SEC). The scandal made by the organisations is the major cause for the development of SOX. It improves the reliability of financial