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    Purpose and Importance of Sarbanes Oxley Act

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    What are your thoughts regarding SOX? Did it deter fraud? Was it necessary?

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    The Sarbanes Oxley Act was enacted to ensure that there is transparency in the corporate sector. As a result, companies are required to provide full disclosure of information when asked of them. The act came about as a result of investors being affected by the way corporations provided their services. Therefore, the purpose of the act was to protect investors from fraudulent accounting practices by those corporations.

    In order to satisfy the ...

    Solution Summary

    This solution discusses the Sarbanes Oxley Act and its role in Fraud prevention.