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hello everyone my name is Sachin hisaria and in this video we will be discussing about the socks on it okay so we will be covering uh why this uh socks Act was passed what is the socks then we will discuss what are the domains that you need to cover as a part of socks ID audit and how you can perform this oxide uh socks audit so uh I will be sharing you a real life template where we will be discussing about one control uh uh with the Practical example so lets start the video okay so our first topic is why this Act was passed so basically in 2002 there were lot of accounting scams happening in the U.S market okay so due to that uh accounting scams what happened it it was impacting the financial market and the general investor trust so they have passed this law servants Oxley act and as per this law they have formed two uh committees basically so one is pceob which is public Company accounting oversight board and the second is SEC okay so they have formed this board uh which will govern
