discuss two events that caused congress to pass the sarbanes-Oxly Act ? please dicuss only two...
discuss two events that caused congress to pass the sarbanes-Oxly Act ? please dicuss only two specific events.
Homework Answers
Ans. The Sarbanes -Oxly Act of 2002, also known as the SOX Act, was created in response to the series of misleading and outright fraudulent activity of big business in the 1990s (Lasher , 2008, p.187) Essentially , multiple publicly -traded businesses jacked up their stock prices by publishing false or deceptive financial statement .
The Most notable Two Event that caused congress to pass the sarbanes-Oxly Act 2002, following those company provided false financial statement that cause very big market value disappaering in the response of those fraud congress was created Sarbanes -Oxly Act.
1. The most notable company to crash was Enron
2. Global Crossing (parent of MCI)
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discuss two events that caused congress to pass the
sarbanes-Oxly Act ? please dicuss only two...
Discuss two events that caused congress to pass the Sarbanes-oxyl act?
Discuss two events that caused congress to pass the Sarbanes-oxyl act?
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