What prompted the Sarbanes Act 2002 enactment? please use your own words, thanks!
The failure in corporate governance , malpractices , financial
misreporting during the period of 2000-2002 prompted the Sarbanes
Act 2002. Actually it was triggered due to Enron scam.The weakness
in corporate governance norms and financial reporting played a
crucial role in enactment of Sarbanes Act 2002.
To protect investors and other stakeholders proper auditing of
listed companies . This law was enacted.
It helped in scrutinizing any financial anomalies or misreporting
by public companies. It also emphasised on whistle blower
protection.
What prompted the Sarbanes Act 2002 enactment? please use your own words, thanks!
in your own words, how did the Sarbanes and Oxley Act come about? NO PLAGIARISM
What will be a good abstract of the 2002 Sarbanes-Oxley Act and the financial scandal that happened?
Prior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
Prior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
rior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
Prior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
Business ethics definition? please use your own words, thanks.
Respond to the following in a minimum of 175 words: Discuss the Sarbanes-Oxley Act. What effect has it had on companies’ auditing processes? In what was has this affect been a positive one? *Please do not copy & paste from a prior answer, I mean no disrespect by any means but some of those answers are not helpful and the reason I posted a question. Thanks, I appreciate any assistance. I received a prior answer which did not meet the...
Since the enactment of Sarbanes-Oxley, auditors have had civil and criminal liability and are required to take personal responsibility for financial statements. This activity will assist you with understanding your responsibilities and the legal ramifications of not meeting them. This background information will assist you with completing the final project and will provide preparation for a career in auditing. Critics of the Sarbanes-Oxley Act do not believe the act will be effective at deterring accounting frauds because it primarily relies...
Topic: Financial scandal that took place prior to the Sarbanes-Oxley Act (SOX) of 2002 Question: Impact of Sarbanes-Oxley--(Could this same type of financial scandal happen again now that SOX has been enacted, why or why not? Be sure to discuss this from what happened in terms of better/stricter internal controls and regulations that are now in place) you can pick any question for me to relate about the assignment? explain as many words you want to help me understand the...