The Sarbanes-Oxley Act (SOX) came into being as a mandatory requirement for all listed corporations in the USA. Revelation of the specifics of this overwhelmingly comprehensive legislation shocked the international business community due to the intensity of its long term gaze. For SOX is not a one time blip on corporate radar screens, it's a new and ongoing, growing and developing way of conducting business. As feedback accumulates, legislators, bureaucrats, watchdogs, professional associations and international and global groups continue to refine the processes and standards for both satisfying the requirements of the Sarbanes-Oxley Act and clarifying the standards both for general corporate behaviour and more specifically for accounting and auditing professions. This new book goes beyond the implementation phase of SOX and looks at both the reaction to the Act, among prominent financial, government and business leaders, and the effect it has had and will continue to have economically in terms of costs, benefits and business impacts. Convergence is the big buzzword; governments and multinational corporations are striving to reach international agreement in order to produce a set of transnationally/universally applicable accounting rules and regulations.