The Role of Sox Act in Enhancing the Internal Control Systems of Kurdistan Banks

This Paper aims to present the role of Sarbanes-Oxley Act (SOX) in enhancing the Internal Control (IC) systems in banks, and to explain cons and pros of applying the act in developing countries.The researchers display main topics of SOX Act, the possibilities for applying it in developing countries, and its impacts on IC system of banks.They measured the role of SOX Act by distributing 50 questionnaires on a random group of bank's managers, and accountants in banks of Kurdistan. The questionnaires are analyzed by two statistical tools (Lean Diagnoses Tool and Fuzzy Logic) to get reliable information about the role of SOX Act in enhancing the IC systems in banks.The researchers conclude that applying SOX Act in banks will make the IC systems in banks of developing countries stronger, and will provide managers and shareholders with high quality reports about IC systems in the banks