Buy custom The Sarbanes - Oxley Policies And Relationships In Business
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Topic: |
Business
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Number of pages / Number of words: |
6 / 1437 |
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Accounting scandals at mega-corporations likes Tyco, Enron, and WorldCom have all made the public painfully aware of the limitations of internal accounting practices and the apparent ease with which corporate executives can manipulate the industry and report false financial information. In light of that limitation, the United States government passed the Sarbanes-Oxley Act (SOX) in 2002, which was primarily intended to restore the publicâs trust in public accounting...
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In light of that limitation, the United States government passed the Sarbanes-Oxley Act (SOX) in 2002, which was primarily intended to restore the publicâs trust in public accounting.
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However, the act has had farther-reaching implications for the industry, the policy that was made with it spilling over into private accounting firms, implicating corporate social responsibility, and affecting the financial bottom lines of corporations and accounting firms...
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