Sarbanes-Oxley Is the Act of 2002

The Sarbanes-Oxley is the play of 2002. This act consist of originals names of the Investors Confident present, creation Company Accounting Reform, Corporate Accountability dissemble, Investors Protection piece of 2002, and many more. The main purpose of these gos is to focus on legislation. This Act is to support the public with support, and to maintain at a dive level of confidence in the financial reports of public companies. SOX were introduced to be known with its purpose. SOX is an act in protecting investors by up(p) the accuracy, and dependableness of corporate disclosures made pursuant to the securities justnesss, and other purposes. brisk split of the legal philosophy are cited at 15 USC 7201. many a(prenominal) comestible is located at 78 USC because many of the provisions bushel the securities exchange Act of 1934 (M. Jennings, 2012). The Sarbanes-Oxley Act of 2002 is a federal law enacts in response to corporate, and accounting s candals that may petabit to bankruptcies or line of credit losses. Enron, WorldCom, and Tyco are corporations with corruptions were acting unethical by committing accounting errors and unsound practices by management leaders who caused scandals in 2001. The investors began to lose billions of dollars when the run prices began to decline because of scandals.

During this time, the public is losing confidence in the capital markets. example Michael Oxley and Senator Paul Sarbanes are the main supporters of the law who combines and formed the Sarbanes-Oxley act of 2002. Their goals are improving the accuracy and reliability of corporate disclosure. This is a pass law because the need of correcting corporate scandals that ! involves companies such as, Enron, WorldCom, and Tyco. The demand of the Sarbanes-Oxley Act of 2002 is to follow its strict guidelines in disclosure of financial information. The law is to demonstrate to organizations on how to contain accounting practices with steep standards of integrity. This law contains 11 titles, and its purpose...If you want to fill a across-the-board essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay