The term 'RED TEAM' is often used in the context of SOX, which stands for Sarbanes-Oxley. This is a set of regulations that were put in place in 2002 to protect investors from fraudulent accounting practices. The term 'RED TEAM' refers to an independent group of experts who are hired to review and assess the effectiveness of a company's internal controls. They are tasked with identifying any potential weaknesses or vulnerabilities that could be exploited by fraudsters. The goal of the RED TEAM is to provide an objective assessment of the company's financial reporting processes and to help ensure that they are compliant with the SOX regulations.