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SOX, GAAP, IFRS: What inventory managers actually need to know
Most inventory managers have heard SOX, GAAP, and IFRS thrown around in budget meetings and then watched the conversation move on without them. That's a problem, because these frameworks aren't just finance department headaches — they touch your physical counts, your write-down timing, and what happens when your on-hand number doesn't match your system. SOX, the Sarbanes-Oxley Act, applies to publicly traded US companies and requires that financial statements can be trusted.
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