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Synopsis Sarbanes-Oxley Act (SOX) passed in the United States in 2002 is a landmark political and public policy reaction to a string of corporate and accounting scandals that rocked their financial markets. Given the fact that half the world's equity shares, by market cap, trade in the US, and non-US investors have an estimated $4.5 trillion invested in US stock markets, this "domestic" legislation has far reaching international consequences. This book "Sarbanes Oxley Act- Impact and Implications" creates a detailed awareness on this complex piece of legislation. Officially titled the Public Company Accounting and Investor Protection Act, it was enacted with the intention of restoring public confidence in the financial reporting process and thereby the capital markets. SOX is a classic example of government intervention to protect investor expectations and rights. This book provides a study of the background, the goals, the contents and the status of implementation of the Act. It also sets out to study how SOX has redefined the roles of CEOs, CFOs, auditors and attorneys. It further tells you how the stock markets, treasuries and derivative users have been reformed by this Act. Radical changes made in the concept of risk management have also been brought out. Compliance with the sweeping provisions of Sarbanes-Oxley will require concerted and ongoing efforts by US and non- US companies. Knowledge of SOX is therefore, imperative for everyone doing business in today's 'global village'.