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    Benefits of Sarbanes-Oxley (SOx)

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    Consider the internal control process required by the Sarbanes-Oxley Act. Do you think the expenses of implementing better internal controls are offset by the benefits of having the controls?

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    https://brainmass.com/business/business-law/benefits-sarbanes-oxley-237340

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    As a result of the accounting scandals of the past decade, the U.S. government passed the Sarbanes-Oxley Act of 2002, (commonly referred to as "SOx"). The act applies to all companies traded on major U.S. stock exchanges, whether the companies are U.S.-based or based in another country. The intent of the act is to tighten controls over the internal control of financial reporting.

    In effect, SOx is an additional layer of reporting to government. It is an ongoing process, not a one-time event, and has recurring ...

    Solution Summary

    This solution considers the internal control process required by the Sarbanes-Oxley Act, and evaluates if the expenses of implementing better internal controls are offset by the benefits of having the controls.

    $2.19

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