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Sarbanes-Oxley Act of 2002 impact a board of directors

How does the Sarbanes-Oxley Act of 2002 impact a board of directors?

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The response address the queries posted in 516 words with references.

// This paper includes a discussion about the implication of the Sarbanes-Oxley Act of 2002 on the Board of Directors. It is also known as 'Public Company Accounting Reform' and 'Investor Protection Act of 2002' and was enacted due to certain prevalent business conditions at the time. We will discuss about it in detail; here.//

The Sarbanes-Oxley Act of 2002, also known as SOX is a US federal law enacted to respond to corporate scandals including those, affecting Enron and WorldCom and to regain confidence in the stock market. The act includes in itself, a number of provisions requiring changes in the way of doing business, of reforming the corporate America. The act also addressed the issue of the financial reporting frauds and empowered private sector and government both ...

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The response address the queries posted in 516 words with references.

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