CHALLENGE Sarbanes–Oxley or SOX, is a United States federal law enacted in 2002 that mandates new and expanded reporting requirements for all U.S publicly traded companies. The bill was designed to provide enhanced protection for investors by improving the accu- racy and reliability of corporate disclosures made pursuant to the securities laws. For many companies, maintaining the SOX function represents a substantial line-item cost (in the millions), not to mention the level of intense effort involved, and plus the ongoing struggle to find innovative testing strategies. Ultimately, however, many organizations still do not consider the SOX function as adding value to their business mostly because their view of SOX remain unchanged –a mundane and routine compli- ance exercise. This

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