• January 31st, 2016

Accounting

Paper, Order, or Assignment Requirements

Prepare a 2 page paper on the Benefits of the Sarbanes–Oxley Act of 2002.

 

Review the Sarbanes–Oxley Act of 2002. The Sarbanes-Oxley Act of 2002 (SOX) is the public company accounting reform and investor protection act. It was passed in response to high-profile business failures, such as Enron and WorldCom, in order to reinforce investment confidence and protect investors by improving the accuracy and reliability of corporate disclosure. (American Institute of Certified Public Accountants-AICPA). Implementing SOX has taken a lot of effort on each company.

 

  1. What are the benefits for businesses going forward?
  2. Research and give specific company examples and also in general of benefits that you see going forward. Give specific examples using previous Accounting scandal companies such as WorldCom, Enron, Sunbeam, Krispy Kreme, Adelphia, etc. and explain what in SOX would prevent this from happening in the future. Provide a minimum of three credible references (cite using APA).

 

Will be graded on their ability to cite examples from the text or websites (except Wikipedia). Students are to follow the strict guidelines for two page papers (which means all papers will have three sections: Introduction, Analysis and Conclusion. Use APA standards and have at least three citations.

 

**please ensure to answer the questions.

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