The Sarbanes-Oxley Act

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Based on the 6 importance of Sarbanes-Oxley Act, he violated the first important thing is the CFO must ensure the integrity of financial reports. While, he perjury financial statements of the company. Secondly, he performed all of the auditing profession by himself, leading to fraud. Third, he has self-determination that sold 1.7 million shares of stock in another company. Therefore, He had has faced charges of making false statements and wire fraud lead to HealthSouth’s profit's inflation up to $2,7 million.
However, the prosecution Scrushy was one of the first test of the Sarbanes-Oxley Act has many loopholes lead to inadequate punishment of the member concerned. Because, on the basis of papers unclear and must depend on the testimony of
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