Topic: Sarbanes Oxley Act of 2002
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What is the Sarbanes Oxley Act of 2002?
The Sarbanes Oxley legislation was enacted in 2002 and primarily affects public owned companies. The primary purpose of the legislation was to make companies provide a check and balance system for their employees and stockholders. There are... Read More »
Source: http://answers.ask.com/Business/Finance/what_is_the_sarbanes_oxle...
What is Sarbanes Oxley Act?
The Sarbanes Oxley Act was an act that formed in 2002. The bill was formed in a reaction to certain business scandals that caused a ton of investors money. You can find more information here: http://www.sarbanes-oxley.com/section.ph... Read More »
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What are disadvantages of Sarbanes Oxley Act of 2002?
"SOX compliance requires companies to implement several internal controls to safeguard the financial information of a company. Internal controls are specific to each accounting operation. These extra controls created extra processing time t... Read More »
Source: http://wiki.answers.com/Q/What_are_disadvantages_of_Sarbanes_Oxle...
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Sarbanes Oxley Act of 2002
The Sarbanes-Oxley Act is a law that reformed accounting requirements for public companies. Named after the main sponsors, Senator Paul Sarbanes and Representative Michael Oxley, it grew out of the corporate… More »
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It was legislation in response to a number of major corporate and accounting scandals including those affecting Enron, and more.
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Source: http://www.chacha.com/question/what-was-the-purpose-of-the-sarban...
The Sarbanes-Oxley Act of 2002 was passed in order to streamline corporate financial disclosures and thereby theoretically restore investors' confidence in the markets.
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Source: http://www.ehow.com/facts_6755633_sarbanes-oxley-act-passed_.html...
The intent of these elements of Sarbanes-Oxley is to reduce the likelihood that material fraud will go undetected.
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Source: http://wiki.answers.com/Q/What_was_the_intent_behind_the_passage_...
B. A series of improper financial disclosures were found during investigations
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Source: http://wiki.answers.com/Q/What_prompted_Congress_to_pass_the_Sarb...
It was a bill enacted as a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals, which cost investors billions of dolla...
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Source: http://answers.yahoo.com/question/index?qid=20100304114214AAWTAbW
1: Smaller public corporations can't afford the heavier accounting burden, so they get taken private and become LESS accountable than they were prior to Sarbanes Oxley. 2: Companies that can't report accurately dont report ontime, and the p...
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Source: http://answers.yahoo.com/question/index?qid=20070313155249AA1TXHr
