The Sarbanes Oxley Act is sometimes described as the "full-employment act for accountancy." Why do you think it is often characterized that way?
Sarbanes Oxley Act, it is brought to bring in control the corporate frauds by putting in various restrictions and regulations on the executives of the company. The act aims at complete transparency of transactions and powers and decisions of the board.
It also protects the employment of the whistle blowers in order achieve such transparency as said above. This might be the reason the act is sometimes described as full employment act for accountancy.
The Sarbanes Oxley Act is sometimes described as the "full-employment act for accountancy." Why do you...
Describe the Sarbanes-Oxley Act. Why was the act enacted? What is the impact? Do you think it will stop accounting corruption? Why or why not? Writing assignment 500 words (NO PLAGIARIZE). Please help I know nothing about this topic.
Explain the Sarbanes Oxley Act. Do you feel that embracing an act like this would prevent fraud? Why or why not?
"Revamping the Sarbanes-Oxley Act (SOX)" Please respond to the following: We know that the Sarbanes-Oxley Act was created as the result of several high-profile fraud cases. Now that the act is over 10 years old, many think that it needs to be updated to reflect the changing times. From the e-Activity, identify and discuss at least three changes that should be made to the act, indicating why these changes are necessary. Create an argument supporting three items in the act...
Sarbanes-Oxley Act. Why did congress pass the Sarbanes-Oxley Act? What is its purpose? How is it enforced? Please add Applicable Biblical passages and references, if possible.
Do you think that the Sarbanes Oxley (SOX) Act of 2002 has been good for investors? Include at least one corporate regulation brought about by SOX in your answer.
The point of the Sarbanes Oxley Act of 2002 was to increase transparency of financial statements while also including prevention methods. Which section do you think is an effective deterrent to accounting fraud?
The Sarbanes-Oxley Act tries to protect whistle-blowers. Why is it not very effective?
What would you do differently when writing the Sarbanes-Oxley Act? Name three things you would do differently.
Question 8: Explain why the Sarbanes Oxley Act came into being and what are the main features of this Act and what it helps to achieve.
What is the main purpose of the Sarbanes-Oxley Act? Why are internal control especially important in the areas of cash and receivables?