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discuss the importance of generally accepted accounting principles (GAAP) and the Sarbanes-Oxley Act of 2002 (SOX), an act passed by U.S.

discuss the importance of generally accepted accounting principles (GAAP) and the Sarbanes-Oxley Act of 2002 (SOX), an act passed by U.S. Congress in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations. The SOX Act mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud

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