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In previous accounting classes, you studied the SarbanesOxley Act of 2 0 0 2 ( SOX ) and the impact that it has had on

In previous accounting classes, you studied the SarbanesOxley Act of 2002(SOX) and the impact that it has had on publicly traded companies and the external auditors who audit them. Although SOX addressed the corporate frauds in the U.S. economy, government and not-for-profit (NFP) entities have benefited from it as well. Some states have adopted their own version of SOX to assist in the governance of NFP entities.For this unit, do the following:Explain the different parts of SOX that you think would affect government agencies and NFPs and how you think it could also help them prevent fraud

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