What Is The Sarbanes-Oxley Act Of 2002

Words: 121

Pages: 1

Sarbanes-Oxley Act of 2002 was designed to reform the report, the administration and public financial reports of the company shares. Sarbanes-Oxley Act (SOX) requires joint stock companies to pay attention to the public relevance of financial information, maintaining the process management of internal information exchange, backup and data protection this information. In order to protect the interests of customers and investors, avoid the losses on the assets of the enterprise. Accordingly, punished individuals and groups who participated in fraudulent papers.
As a result, HealthSouth Corporation was the first company charged under the provisions of the SOX. However, Scrushy was acquitted of all counts of accounting fraud, but convicted or

Show More

Title Of My Paper Whistle Blower

understanding of whistleblowing in the workplace, key characteristics of a whistleblower, and how the Sarbanes-Oxley Act can help protects whistleblower today in the workplace. You will also learn about new software for all company to put in place. So that corporation will have electric paper trails to comply with the Sarbanes-Oxley Act at all times. Keywords: Key Characteristics, Sarbanes-Oxley Act Whistleblowing in the Workplace Some people say that whistleblowers, those who call attention to possible…

Words 907 - Pages 4

Sarbanes-Oxley Act Essay

Sarbanes-Oxley Act Corporation environments are continually changing with one exception-fraud. With particular reference to public organizations, fraud has been cited as the number one cause of loss of company funds. Losses occur either through misappropriation of funds or assets, or the exploitation of poor or lack of internal controls within the company. According to NYSSCPA.ORG, “President George W. Bush signed the Sarbanes-Oxley Act ( SOX) of 2002 (Public Law 107-204) on Tuesday, July 30…

Words 1542 - Pages 7

The Sarbanes-Oxley Act Of 2002

The Sarbanes-Oxley Act of 2002 The Sarbanes-Oxley Act of 2002 On July 30, 2002, President Bush signed the Sarbanes-Oxley Act of 2002 (SOX) into law, stating the legislation would be “The most far reaching reforms of American business practices since the time of Franklin Delano Roosevelt,” (Process, 2012). The Act was designed to mandate many reforms in order to require greater corporate responsibility, disclosure, transparency, and to combat against accounting fraud. In response to several…

Words 2815 - Pages 12

The Sarbanes-Oxley Act And Ethical Decisions

Sarbanes-Oxley Act and Ethical Decisions XXXXXXXXXXXXXXX LAW/421 October 16, 2014 XXXXXXXXXXXXXXX Sarbanes-Oxley Act and Ethical Decisions “Ethics is knowing the difference between what you have a right to do and what is right to do,” Potter Stewart. We all know right from wrong, unfortunately, in most fraud cases, greed and or desperation can be a great influence in the decision we make when handling confidential information or the financials of others. The Sarbanes-Oxley Act of 2002 is…

Words 771 - Pages 4

The Sarbanes-Oxley Act: An Ethical Perspective

The Sarbanes-Oxley Act: An Ethical Perspective Presented By: • Karroll Candelaria-Bauer • Jorge Garcia • Corina Gonzales • Marisa Sanchez • Matthew Wylie November 22, 2014 Sarbanes-Oxley Act: An Ethical Perspective Contents Introduction.......................................................................................2 The Provisions....................................................................................5 The Value in Context .................................................…

Words 8824 - Pages 36

Sarbanes-Oxley Act Research Paper

Ashley Spargur Professor Ken Schallenkamp Business Ethics 29 November 2014 Sarbanes-Oxley Act “Just as character matters in people, it matters in organizations” – Justin Schultz What does Enron, Tyco, World Com, and Adelphia all have in common? Fraud, and the catalyst for the Act we have come to know as the Sarbanes-Oxley Act. Even though I was only ten when the Enron scandal began I remember hearing it on the news, my parents discussing it, and the media buzzing about it. Even though their scandal…

Words 1548 - Pages 7

Trends Established By The Sarbanes-Oxley Act Of 2002

Trends Established By The Sarbanes-Oxley Act Ashley E. Guzman Corporate Financial Management Class Meeting Dates: Tuesdays, 6:00p.m. Abstract The Sarbanes Oxley Act of 2002 was enacted in reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals cost…

Words 2685 - Pages 11

Effectof Untheicaal Behivor Essay

Effect of Unethical Behavior Article Analysis ACC/291 October 22th 2012 Joe Kronewitter The Sarbanes-Oxley act was created in 202 to help restore the public confidence in the financial markets and integrity as well. There have been quite a few corporate disasters that included including Enron, Worldcom, Adelphia, and Tyco. All four corporate disasters had similar fraudulent behavior. The implementation of effective business ethics became essential and the new law required the publication…

Words 642 - Pages 3

Dinetam paper

Sarbanes Oxley Act Article Analysis The Sarbanes-Oxley Act was an act passed by congress in 2002 so it would protect investors from fraudulent accounting of companies like Enron or Tyco. The Sarbanes-Oxley act had two provisions that were key. The first provision was section 302, which requires the senior management to make sure of the accuracy the financial statements. The second provision was a requirement that the management and auditors would establish internal…

Words 781 - Pages 4

Weeks 2 Sarbanes Act Essay

Acc 561 Richard Edwards Analysis of the Sarbanes-Oxley Act September 7, 2014 Analysis of the Sarbanes-Oxley Act The Sarbanes-Oxley Act of 2002 was written to prevent fraudulent reporting of financial statements which are used to make a company’s performance seem better than it actually is to its investors. The details of the act creates penalties and fines for the presentation of false information and holds the handlers of that information accountable such as the company’s auditing firms…

Words 1438 - Pages 6