Sarbandes Oxley Act

INTRODUCTION On July 30, 2002, chairman George W. chaparral signed the Sarbanes-Oxley correspond, making it a United States national rectitude. This batting order was enacted in response to a number of major physical and be scandals, some of which involve those affecting Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom. The Sarbanes Oxley strike was widely supported by the United States government. The bill was clear by a take on of 423-3 by the brook, and 99-0 by the Senate (Those Guys! Sabanes & Oxley, 2002-2006). President George W. Bush signed it into legality stating it included the most far-reaching reforms of American business practices since the time of Franklin D. Roosevelt (Bumiller, 2002). CREATORS OF THE SARBANES-OXLEY issue forth OF 2002 The Sarbanes Oxley Act is named after Senator capital of Minnesota Sarbanes and Representative Michael Oxley. Paul Sarbanes was a Democrat that represented free state in the United States Senate. He served in the Senate from 1977-2007. Michael Oxley was a re unrestrictedan that represented the fourth congressional district of Ohio in the U.S. can of Representatives. He was in the folk of Representatives from 1981-2006. Mr. Sarbanes and Mr. Oxley were the sponsors and architects of the Sarbanes-Oxley Act of 2002 (Associates, 2003).

THE SARBANES OXLEY ACT OF 2002 The Sarbanes-Oxley Act, created in the wake of many corporal history scandals, was created to help educate more confidence in investors about the nations public securities markets. The incorporated scandals caused locoweed prices of the companies involved to collapse, which cost investors billions of dollars. The Sarbanes-Oxley Act set new or enhanced standards for all U.S. public company boards, management, and public accounting firms. It does not apply to privately held companies. The legislation radically redesigned federal regulations of public company corporate governance and reporting governance. It analogous significantly tightened accountability standards for...If you fatality to get a in full essay, order it on our website: Ordercustompaper.com

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