Explore BrainMass

Explore BrainMass

    Paper Outline & Sources - Effectiveness of SOX

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Could you give me help and ideas for a paper with the following requirements please?
    1- Brief historical summary of SOX enactment
    2- Key ethical components of the SOX
    3- Social responsibility implications regarding mandatory publication of corporate ethics.
    4- Main criticism of SOX is unfair burden on small organizations- What opinion do can you offer in agreement or disagreement and why?
    5- What (in your opinion) suggestions for improvement of the SOX legislation?

    I am working on this with required sources:

    Kessel, Mark. (Dec. 2011). Sarbanes-Oxley overburdens biotech companies. Nature Biotechnology 29(12), 1081-1082. DOI: 10.1038/nbt.2059

    Orin, Richard M., (Winter 2008). Ethical Guidance and Constraint Under the Sarbanes-Oxley Act of 2002. Journal of Accounting, Auditing & Finance 23(1), 141-171.

    © BrainMass Inc. brainmass.com October 2, 2020, 4:34 am ad1c9bdddf

    Solution Preview

    I recommend adding these scholarly sources into your paper, especial an article entitled, "Why Do Firms Go Dark." Additionally, I was able to look at the sources that you're working with - they, especially the Orin sources answers the majority of the questions regarding the SOX Act.

    1- Brief historical summary of SOX enactment 

    The SOX Act, otherwise known as the Sarbanes- Oxley Act, and officially name the Public Company Accounting Reform and Investor Protection Act of 2002 went into existence in July of 2002. The best synopsis of what the SOX Act has done is as follows, "All companies (both foreign and domestic) that have registered equity or debt securities under the Securities Exchange Act of 1934 are subject to the Sarbanes-Oxley Act. Foreign public accounting firms must also comply with the Act if they perform work for companies subject to the Act" (Investing Answers, 2013).

    Website: http://www.investinganswers.com/financial-dictionary/laws-regulations/sarbanes-oxley-act-891

    Now, you're probably wondering why the SOX Act is important or moreover, how the SOX Act came into existence... Well, ...

    Solution Summary

    This solution provides a detailed paragraph outline of the Sarbanes-Oxley Act of 2002, specifically detailing information regarding SOX in terms of history, ethical components, social responsibility concerns, praises and criticisms of SOX, etc. Additionally, this solution uses up to date references/ citations to explain the importance of SOX.