• BEHAVIORAL RESEARCH IN ACCOUNTING Volume 20, Number 2, 2008 pp. 89–110
    individuals at lower levels of moral reasoning. These results should be of considerable interest to regulators as they attempt to assess the effects of the SarbanesOxley Act. Keywords: Sarbanes-Oxley Act; moral reasoning; defining issues test; financial statement adjustment decisions. Data Availability...
    Premium 12442 Words 50 Pages
  • Sarbanes Oxley Act
    involved the executives who signed off on their companies’ financial statements would be held liable for the quality of those financial statements. Overall, I think that the Sarbanes-Oxley Act is a much needed law to help maintain order in the business world. Investors should have the right to...
    Premium 1641 Words 7 Pages
  • Acc403 Assign 1-Sarbanes Oxley
    and the Public Company Accounting Oversight Board regulates the accounting firms. The Sarbanes-Oxley Act contains eleven titles but the gist of the Act states that all financial statements will be audited by a non-affiliated auditor and the corporate Chief Executive Officer and Chief Financial...
    Premium 1068 Words 5 Pages
  • Positive & Negative Affects That Sarbanes Oxley
    actual Sarbanes-Oxley Act of 2002. Sarbanes-Oxley was created to improve quality and transparency in financial reporting, independent audits, and accounting services for public companies. SOX was also established to create a Public Company Accounting Oversight Board, to enhance the standard setting...
    Premium 1500 Words 6 Pages
  • Corporate Governance – the Role of the Audit Committee
    ethical “tone at the top.” This paper summarizes the implications for Audit Committees of key provisions of the Sarbanes-Oxley Act. Further, the paper examines corporate governance concepts that can be discussed with members of an Audit Committee, and provides practical suggestions on how members of...
    Premium 3962 Words 16 Pages
  • Generally Accepted Auditing Standards
    following items the 10 General Accepted Auditing Standards and what they imply, how the standards apply to financial, operational, and compliance audits, and how the Sarbanes-Oxley Act of 2002 and the Public Companies Accounting Oversight Board (PCAOB) effect audits on publicly traded companies. In...
    Premium 1045 Words 5 Pages
  • Sarbanes-Oxley Act
    WHY THE SARBANES-OXLEY ACT CAN'T LEGISLATE MORALITY ALONE Assignment #1 Sarbanes-Oxley Act of 2002 Andrew Guarino Strayer University Abstract This paper examines the fundamental issue with Sarbanes-Oxley is how do you legislate morality. This paper will also focus on and describe the final...
    Premium 1769 Words 8 Pages
  • Sarbanes-Oxley Act
    , which is part of the Sarbanes-Oxley Act provides for much larger jail terms for frauds. This is bound to have a psychological deterrence effect on incidences of white collar crime. ("Summary of…") The Act also prohibits the auditors from providing other services such as financial consultancy to...
    Premium 2066 Words 9 Pages
  • The Sarbanese Oxley Act 2002
    Representative Michael Oxley. The act was passed on July 2002 in reply to several reasons. The Sarbanes Oxley Act was created to form new values of corporate responsibilities and forfeits for acts of misconducting. The Sarbanes Oxley Act specifies new financial responsibilities, which includes ensuring...
    Premium 2629 Words 11 Pages
  • An Analysis of the Sarbanes-Oxley Act of 2002
    AN ANALYSIS OF THE SARBANES-OXLEY ACT OF 2002 PURPOSE Because of numerous accounting scandals and many subsequent bankruptcies, the President and Congress have put into effect significant financial reform by the creation of the Sarbanes-Oxley Act of 2002 ("Act"). The purpose of this paper is...
    Premium 3996 Words 16 Pages
  • Enron Fraud Paper
    , Section 3 specifies the abuses and penalties they will receive for blatantly violating The Sarbanes-Oxley Act of 2002. For example, it is illegal for a corporate officer to improperly influence an audit so that the financial statements are doctored and misleading. CEO’s and CFO’s forfeit their right...
    Premium 4784 Words 20 Pages
  • Nothing
    corporate and auditing standards and accountability. This paper examines the effects of the Sarbanes-Oxley Act of 2002 (SOX) on small vs. large public US companies. It considers two major complaints: fees paid to auditors by publically traded companies were significantly higher due to the bill...
    Premium 5947 Words 24 Pages
  • Effect of Matherial Weaknesses on Stock Exchange Market
    will undermine information gathering incentives in financial markets. Their longer term effect has yet to be determined, but SOX experts consider overall results as positive (Robert Charles Clark, 2005, Corporate governance changes in the wake if the Sarbanes Oxley Act, Discussion Paper, University...
    Premium 11617 Words 47 Pages
  • Enron the Open Secret
    clear symbol of how fraud and accounting malpractice can affect the performance of a company. The scandal also brought the questionable accounting methods into perspective. The fall of Enron led to the passing of the Sarbanes-Oxley Act of 2002. This Act regulated companies against such kinds of...
    Premium 2489 Words 10 Pages
  • Sarbanes Oxley
    The SarbanesOxley Act of 2002 (Pub.L. 107–204, 116 Stat. 745, enacted July 30, 2002), also known as the 'Public Company Accounting Reform and Investor Protection Act' (in the Senate) and 'Corporate and Auditing Accountability and Responsibility Act' (in the House) and more commonly calledSarbanes...
    Premium 6282 Words 26 Pages
  • Sarbanes Oxley - Effective Governance
    be made to protect the employee, who literally puts his or her life in the hands of their employer. The Sarbanes-Oxley Act of 2002 was enacted by elected policy-makers, in an attempt to deter the reoccurrence of Enron and govern the ethical behavior of Corporate America. The Sarbanes-Oxley Act...
    Premium 1977 Words 8 Pages
  • The Profession of Auditing
    organizations no matter how big or small they may be must comply. Sarbanes-Oxley act of 2002 (SOX) brought on major changes to the regulation of financial practice and corporate governance. SOX is arranged into 11 titles, however as compliance is concerned the most important sections within these titles...
    Premium 3125 Words 13 Pages
  • Sarbanes-Oxley Problem
    Executive Summary Following essay speaks to Sarbanes-Oxley Act of 2002, more specifically; major provisions of the Act, pro's and con's, and ethical considerations. The Sarbanes-Oxley Act of 2002 was signed into act on July 30th 2002. This act followed an overriding majority vote by both...
    Premium 2650 Words 11 Pages
  • Solutions to Sarbanes-Oxley
    Koestner, M. (2005). Businesses say Sarbanes-Oxley a costly response to corporate fraud scandals. News-Herald, The (Willoughby, OH), Retrieved from EBSCOhost. Litvak, K. (2008). The Long-Term Effect on the Sarbanes-Oxley Act on Cross-Listing Premia. European Financial Management , 14 (5), 875-920...
    Premium 3288 Words 14 Pages
  • corporate and business law
    : Certification required by the SEC about disclosure controls ....................................... 20 2 Executive summary Pacific Sunwear of California entered in the stock market on Nasdaq in 1993. The Sarbanes Oxley act redacted in 2002, established new or enhanced standards for...
    Premium 3457 Words 14 Pages