Action Research Proposal - Sox Implementation

Action Research Proposal Form
Final Version of Action Research Proposal

SOX Implementation

  1. Setting Description:

Name of organization and location where action research will take place:
Inkplus LLC, Coral Gables FL

Key Personnel:
The compliance team in the operations department.  

  2. Statement of   problem:
Failure to have a proper checks and balance system can result in financial fallout (such as Enron).

  3. Purpose of the Study:
The purpose of this study is to assess the risk of internal controls versus federally mandated controls such as the Sarbanes Oxley methodology.

  4. Subjects:
The Operations Department
Compliance team members: Ana Perez, John Oliva, Betsy Johnson, Hector Prieto

  5. Research Question:
Should Inkplus consider adopting the Sarbanes Oxley methodology vs. its own set of internal controls?

  6. Type of research this question lends itself to:
Descriptive

  7. The study will concern itself with group differences or relationships among variables?
Independent Variable:
Methods: 1 = Self-imposed controls, 2 = Government mandated controls
Dependent variable:
Audit Results (Interval level)

  8. Variables used including scale of measurement:
Prior year audit vs. Current year audit

  9. Research Hypothesis:
Implementing SOX methodology and having these types of controls and processes will strengthen our corporate accounting controls and prepare us to go public.

  10. Definitions of Terms:
SOX - is a United States federal law enacted on July 30, 2002, which set new or enhanced standards for all U.S. public company boards, management and public accounting firms. It is named after sponsors U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley (R-OH).
Implementation - Implementation is the carrying out, execution, or practice of a plan, a method, or any design for doing something.
Internal Controls - is defined as a process affected by an organization's... [continues]

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