Sarbanes

Sarbanes-Oxley minute Marc Johnson Law/421 August 20, 2012 Mr. James Eisenman Sarbanes-Oxley Act As legion(predicate) personal line of credit were enjoying good times in the early 2000s legion(predicate) jurisprudences were passed to protect the consumer. But when these companies come down the stairs scrutiny for wrong practice, new police forces were passed. When companies like Enron, WorldCom were bound to be cooking the books, a new bill c everyed the Sarbanes-Oxley Act was passed in congress in 2002. This bill was passed to protect investor from organizations that had unethical account practices. This law created unrestricted Company Oversight climb on to monitor and audit the accounting actions of all companies. Each company must be audited by an independent firm. To keep firms sincere the inspection are revolved to different organizations. Due to all the unethical behavior of many promontory Executives the Sarbanes-Oxley Act holds the heap responsib le for the financial report of the company. Before the any financial reports are submitted are clear by the CEO and Chief Financial Officer. This new law also imposes strongly felon crimes against any company that is found to be performing unethically. With the readjustment of this new Sox law describe big communication channel convey more accountable to investors.

world able to file miserable charges against CEOs was a major change in the law. With universe able to indue CEOs in jail for a ample time has changed the way transaction operates. Being able to deliberate twenty years in prison has do man y CEOs murder ethical finales. With the pa! ssing of the law in 2002 made a big impact in the melody world, it has made line of reasoning more transparent to the public. Without the passing of the SOX bill big business would still be taking advantage of its investors. Because of the new ordination has made business make more ethical decision when investing money. With business being more transparent and downstairs scrutiny from government regulations has made major changes in the business environment.If you want to get a full essay, order it on our website: OrderCustomPaper.com

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