Why was Sarbanes Oxley Created?

The Sarbanes-Oxley Act (or SOX) was created so that corporations were accountable for all aspects of their functions. Through a series of internal controls and audits, a corporation has no excuse for oversights or mismanagement. This also removed deniability on the part of a corporation, so the excuses of ‘we were not aware’ or ‘this was never brought to our attention’ are no longer valid. Look here for more information: