Taking stock of SOX

Sarbanes Oxley has wide-ranging implications for US power companies on how they use, and record their use of, market data, writes Sandy Fielden

The 2002 Sarbanes Oxley (SOX) legislation in the United States created new accounting standards for companies within and outside the US who are listed on US stock exchanges. The law requires companies to disclose in their financial reports any material weaknesses in their financial reporting systems. Chief executives and chief financial officers must certify that the reports are accurate