History of Sox

History of Sarbanes Oxley and the Reasons for Enactment Virginia Knight Student ID: 6892460166 Accounting Capstone Senior Seminar in Accounting ACC 499006016 leap out 2009 Submitted to: Professor Tee Thein June 19, 2009 Abstract: In 2002 the Sarbanes-Oxley Act was passed. This is a mandatory act that all organizations, large and small, must be with. This legislation introduced major changes to the regulation of financial practice and bodily governance. There are eleven titles to the Sarbanes-Oxley Act. The act is named after its briny architect, Representative Michael Oxley and Senator Paul Sarbanes. Former President Bush is quoted formula that it is intended to deter and punish corporate and accounting trick and corruption, ensure justice for wrongdoers, and protect the interest of workers and shareholders. Table of confine: Page Abstract. . . . . . . . . . . . . . . . . . . .. .2 Chapter 1 . . . . . . . . . . . . . . . . . . . . .5 Introduction. . . . . . . . . . . . . . . . .5 Chapter 2. . . . . . . . . . . . . . . . . . . . . . 7 Eleven Titles of SOX . . . . . . . . . . . . . . 7 1. PCAOB . . . . . . . . . . . . . . . . . . . . . . 7 2. listener Independence. . . . . . . . . . . . . . . 8 3. Corporate Responsibility . . . . . . . . . . . . .

8 4. Enhanced Financial Disclosures . . . . . . . . . . 9 5. psychoanalyst Conflicts of Interest . . . . . . . . . . . 9 6. Commission Resources and Authority . . . . . . . . . 10 7. Studies and Reports . . . . . . . . . . . . . . . . 10 8. Corporate and Criminal fraudulence Accountability . . . . 10 9. White Collar Crime Penalty sweetening . . . . . . . 11 10. Corporate Tax Returns . . . . . . . . . . . . . . . 11 11. Corporate Fraud Accountability . . . . . . . . . . . 11 Chapter 3 . . . . . . . . . . . . . . . . . . . . . . 13 An Accountants View . . . . . . . . . . . . . . 13 Internal Control bill . . . . . . . . . . . . 17... If you want to get a full essay, order it on our website: Orderessay

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