Sarbanes Oxley Act College Essays Samples For Students

Sarbanes Oxley Legislation

Sarbanes Oxley Legislation
The impact of Sarbanes Oxley Act in the financial markets of the United States of America is playing an important role in the progress of financial growth of the overall economy. The Sarbanes Oxley Act was introduced in the year 2002 and the main reason of the Sarbanes Oxley Act was to implement the corporate governance codes and ethical standards for the listed and the non listed companies all over the United States of America. The main reason behind the Sarbanes Oxley Act is that the government of the United States of America wants to ...

Accounting is an organized process of determining, recording, analyzing as well as interpreting and communicating all the information related to finance for the purpose of appropriate economic decision making. Without regulation of public accounting process, firms will deliver financial statements that are inclined to their own interest hurting the economy. When talking about the accounting industry and the government, it simply means the public accounting and its regulation by the government as enterprises render their financial information to the public. Accounting provides services such as book keeping and auditing which are required by different stakeholders for execution of economic ...

It was a few years back that the United States market capital saw the domination of financial fraud revelations performed in so called big Companies of the economy. The stakeholders of the Companies like investors, affiliates in the market, and communities had to incur huge historic losses. The top notch corporate leaders were also the ones affected. The corporate veil was lifted in most cases and many of them had to suffer jail term. Industries were affected in the sense that many big names in the industry, including the biggest American audit firm were desperately out of business. The ...

Introduction and Background

The go green debate is gaining currency in the business world. It is no longer the preserve of governments to regulate the market for purposes of sustainability. With the emergence of environmental awareness, business units have been roped forcefully into the go green bandwagon. Closely intertwined with the go green course, is ethical consciousness in which organizations, employers and employees are required to make informed and ethically conscious decisions. In the United States of America, after the Enron Scandal, the ethical course has taken a statutory footing with the enacted of the Sarbanes Oxley Act. It is on that premise ...

The Sarbanes Oxley Act is a federal law that introduced new and strengthened standards and regulations for public companies in the United States of America in the wake of poor corporate governance and accountability. The act has benefited corporations through the introduction of strict disclosure requirements, enhanced financial reporting controls and increased external auditor’s independence and strengthened the board independence. All these requirements have collectively boosted the confidence of the American public on corporations and the financial markets at large. The provisions have created a state of accountability and transparency making information reaching the investors reliable. This is as opposed ...