Sarbanes

Sarbanes-Oxley execute 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 infra scrutiny for wrong practice, new police forces were passed. When companies like Enron, WorldCom were sour to be cooking the books, a new bill c aloneed the Sarbanes-Oxley Act was passed in congress in 2002. This bill was passed to protect investor from organizations that had wrong account practices. This law created unrestricted Company Oversight mount up to monitor and audit the accounting actions of all companies. Each club must be audited by an independent firm. To keep firms safe the inspection are revolved to different organizations. Due to all the unethical behavior of many knob Executives the Sarbanes-Oxley Act holds the mountain responsible 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 flagitious crimes against any company that is found to be performing unethically. With the qualifying of this new Sox law describe big profession stupefy more accountable to investors. world able to file flagitious 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 line of work operates. Being able to deliberate twenty years in prison has do many CEOs attain ethical finales. With the passing of the law in 2002 made a big impact in the credit line world, it has made note 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 mandate has made business make more ethical decision when investing money. With business being more transparent a nd under(a) scrutiny from government regula! tions 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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