Does Sarbanes-Oxley apply to UK companies?

✅ The Sarbanes-Oxley Act doesn’t apply to UK companies. However, the new UK audit legislation regime is similar to SOX. As a result, businesses named it the “UK SOX” reform.

When new UK SOC requirements come into force?

✅ New UK SOX regulations will come into force two years after getting finalised.

What are the consequences of UK SOX non-compliance?

Directors may face monetary penalties for non-compliance with the UK SOX. But they won’t attest to internal controls personally or face jail sentences.