Sarbanes-Oxley Act

Investigate in detail the provisions of the Sarbanes-Oxley Act of 2002 (SOX) from the Internet, periodicals, or academic journals.  Select one of the provisions of the Act, briefly describe it, and indicate why you think (or do not think) financial statements will be more trustworthy if company financial executives implement the provision of SOX you have chosen.  In the Title to your initial response posting, please name the provision (for example Section 404) so your classmates can see which provision you have chosen to analyze.  Please provide two academic reference(s) for your response(s).

You can use Google and enter the Sarbanes Oxley Act of 2002 to get thousands of websites to get you started on your response to this question.  Below is a good one that also gives you a great, straightforward summary of this Act and its importance to the financial markets, as well as a list of the Sections of the Act with links to the details of each Section: 

Introduction of DQ2

The Sarbanes-Oxley Act of 2002 was landmark legislation that tried to protect investors, shareholders, and ultimately employees from firms and their management that issued fraudulent or misleading financial statements to the public.  SOX has many Sections, all of which have now generally been fully implemented and tested in business, in the field, and in the courts since that date. Many senior executives found guilty of violating various Sections of SOX have been jailed and are still in jail as a result of their violations of SOX.  Ultimately, our free-market principles are compromised and tested when firms issue fraudulent or misleading financial statements which result in either unfair or illegal profits being earned by the management of these firms or hurt investors.

What Students Are Saying About Us

.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"

.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"

CategoriesUncategorized