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Enron, Tyco, WorldCom. They are high-profile companies that have been at the media forefront of fraud and deception. In fact, they seem so big and complex, it might be hard to imagine just how it all happened. But it does lead to the question: How do the accounting improprieties that occurred at these organizations impact you as a producer?

The 2002 Sarbanes-Oxley (SOX) Act is legislative reform concerning accuracy and reliability of public company financial statements. Ultimately, it is about ensuring that internal controls are in place to govern the creation and documentation of information in financial statements.