Please assist! What organizations are subject to Sarbanes-Oxley? What provisions affect these organizations most? How could Sarbanes-Oxley requirements drive a business to become de-listed from stock exchanges and no longer operate as a publicly traded company? How do other regulations similar to Sarbanes-Oxley apply to government entities or other organizations not regulated by Sarbanes-Oxley?© BrainMass Inc. brainmass.com June 4, 2020, 12:04 am ad1c9bdddf
This act was enacted 2002 after the first corporate giant collapse of series in the next few years. Enron's collapse was a result of unreported off balance sheet activities the amounted to fraud. Thousands were affected through investments, employment and pensions. The Sarbanes=Oxley act demands regulations for transparency of financial activity for ALL PUBLIC TRADED ...
This solution describes some of the ill effects of the Sarbanes Oxley Act of 2002 particularly to smaller businesses.