The primary purpose of the SOX compliance audit is the verification of the company's financial statements. The Sarbanes–Oxley Act of 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" and. A DEFINITION OF SOX COMPLIANCE In 2002, the United States Congress passed the Sarbanes-Oxley Act (SOX) to protect shareholders and the general public from accounting errors and fraudulent practices in enterprises, and to improve the accuracy of corporate disclosures. 2020 Guide to Sarbanes-Oxley Compliance Auditing Requirements. What is SOX compliance? While the details of the Sarbanes-Oxley Act are complex, “SOX compliance” refers to the annual audit in which a public. However, if each company is required to spend a significant amount of money and resources on SOX compliance, this cost is.