Write 200-words describing the requirements and purpose of the Sarbanes-Oxley Act of 2002. What are some of the consequences of non-compliance with the Act? Do you think the Act has solved the problem of unethical behavior in corporate governance?© BrainMass Inc. brainmass.com June 3, 2020, 11:16 pm ad1c9bdddf
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 ...
Explains the Sarbanes-Oxley Act of 2002, its purpose, and the consequences of non-compliance with the act.