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Thursday, January 30, 2014

Sarbanes Oxley Act Of 2004

Sarbanes Oxley Act of 2004 The Sarbanes-Oxley Act of 2002 was signed into law on July 30, 2002 by President Bush. The new law came after(prenominal) major bodily scandals involving Enron, Arthur Anderson, WorldCom. Its goals are to protect investors by improving accuracy of and reliableness of collective disclosures and to restore investor confidence. The law is considered the most important transmit in securities and corporate law since the New Deal. The act is named after Senator capital of Minnesota Sarbanes of Maryland and Representative Michael Oxley of Ohio (Wikipedia Online). Sarbanes-Oxley consisted of 11 different titles or sections. style I is mankind Company Accounting circumspection Board. It created a five member panel known as the Public Company Accounting Oversight Board, overseen and appointed by the Securities and tack Commission (Sarbanes-Oxley). The Board is to consist of two CPAs and cardinal hoi polloi that are not CPAs, but the chair man mustiness be a CPA. The Board is to provide oversight o...If you insufficiency to dismount a full essay, order it on our website: OrderEssay.net

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