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Main Advantages and Disadvantages of the Sarbanes-Oxley Act The Main Advantages and Disadvantages of the Sarbanes-Oxley Act The Sarbanes-Oxley Act (SOX) was enacted in July 2002, it was meant to restore “the public confidence in corporate financial statements (Jahmani & Dowling, 2008, p. 57). SOX was enacted due to some serious and significant losses suffered by.