SOX News

Supreme Court to Hear Mutual Fund Whistleblower Case

In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as workers at publicly traded companies. Two Fidelity whistleblowers asked the court …

Financial Reporting Improved Under 10-Year Old SOX Law: Survey

Corporations’ internal control over financial reporting has “significantly or moderately improved” in the 10 years since the Sarbanes-Oxley Act (SOX) became law, according to a majority of executives surveyed by the consulting firm Protiviti. “Sarbanes-Oxley has had its share of …

SEC: Mid-Size Firms Should Follow Sarbanes Oxley Internal Control

Accountants at the U.S. securities regulator are recommending that medium-size public companies should not be exempted from a key auditing provision in the 2002 Sarbanes-Oxley Act, saying the benefits to investors outweigh the cost. In a new study by the …