Purchase Solution

Sarbanes-Oxley

Not what you're looking for?

Ask Custom Question

How has the Sarbanes-Oxley SOX Act impacted an organization? Can you give me an example Please. Thanks

Purchase this Solution
Solution Summary

How has the Sarbanes-Oxley SOX Act impacted an organization?

Solution Preview

Sarbanes Oxley Act of 2002:

If recent corporate scandals have cast a shadow on the reputation of the accounting profession, Sarbanes-Oxley has rattled the industry's cage by calling for reforms in financial reporting, corporate governance and auditing. The effects are far-reaching for all who are involved in and with the accounting profession - accountants in public and private practice, internal and external auditors, students of accounting and accounting educators, among others.
(source: http://accounting.smartpros.com/x44086.xml)

The Sarbanes-Oxley Act was signed into law on 30th July 2002, and introduced highly significant legislative changes to financial practice and corporate governance regulation. It introduced stringent new rules with the stated objective: "to protect investors by improving the accuracy and ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • Sarbanes-Oxley Act and PCAOB

    280585 Explain effects of Sarbanes-Oxley Act and PCAOB on audits of public companies Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

  • Ethics and Financial Reporting

    Sarbanes-Oxley - the basics. Retrieved on March 1, 2009 from http://thecaq.aicpa.org/Resources/Sarbanes Oxley/Sarbanes-Oxley %E2%80%93 The Basics.htm ? International Chamber of Commerce. (2009). Corporate governance.

  • Sarbanes-Oxley Regulations

    Running Head: SARBANES-OXLEY REGULATIONS Sarbanes-Oxley Regulations Sarbanes-Oxley Regulations Sarbanes-Oxley Regulations bound many public companies of accounting and IT industry that require having internal control for computer access within

  • Sarbanes-Oxley

    383142 Sarbanes-Oxley: Defendants destroyed evidence escape conviction How did Sarbanes-Oxley address one of the problems that Congress was concerned about.

  • Implementation of Sarbanes-Oxley

    164185 Implementation of Sarbanes-Oxley How will management change with the implementation of Sarbanes-Oxley and how can companies get management to act ethically?

  • Sarbanes-Oxley

    you a detailed discussion on Sarbanes-Oxley

  • Sarbanes-Oxley Act

    223460 Sarbanes-Oxley Act and the PCAOB The following comments summarize the beliefs of some practitioners about the Sarbanes-Oxley Act and the PCAOB. The Sarbanes-Oxley Act is unnecessary regulation of the profession.

  • Sarbanes-Oxley

    References: The Sarbanes-Oxley Act: implementation, significance, and impact Theodore N. Plette Nova Publishers, 2008 Sarbanes-Oxley Act of 2002: law and explanation : as signed by President George W.

  • Description of Sarbanes-Oxley

    383143 Description of Sarbanes-Oxley How did Sarbanes-Oxley deal with people who commit securities fraud and are fined by state or federal authorities, ordered to disgorge profits, or lose civil damage judgments may seek to avoid paying them by declaring

  • Summary & Analysis

    The goals and promise of the Sarbanes-Oxley Act. The Journal of Economic Perspectives, 21(1), 91-116. 2. Leuz, C. (2007). Was the Sarbanes-Oxley Act of 2002 really this costly?

View More Related Solutions