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Sarbanes Oxley Act Of 2002 Research Paper

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Sarbanes Oxley Act Of 2002 Research Paper
I believe that the Sarbanes Oxley Act of 2002 has been effective in managing the risk exposed through Enron, Arthur Anderson, and Worldcom. The act changed corporate America by improving corporate governance. Sarbanes Oxley has been successful in strengthening accountability and responsibility for top executives in a company by ensuring the disclosure of all financial documents. It has also prevented ethical misconduct by putting the selection of company auditors out of the hands of CEO’s and CFO’s. This increases professionalism and improves the internal controls of a company. When a company has a strong ethical culture it results in higher productivity and profitability for the firm. The Public Accounting Oversight Board is directed under
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