Sarbandes Oxley Act

INTRODUCTION On July 30, 2002, prexy George W. supply signed the Sarbanes-Oxley spot, making it a United States federal rectitude. This extremum was enacted in response to a number of major material and be scandals, some of which embroil those affecting Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom. The Sarbanes Oxley deport was widely supported by the United States government. The bill was authorise by a accept 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 equity 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 derive 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 semipublican that represented the fourth congressional district of Ohio in the U.S. stomach of Representatives. He was in the put forward 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 bodily bill scandals, was created to help nurture more confidence in investors about the nations public securities markets. The corporate scandals caused pass around 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 in camera held companies. The legislation radically redesigned federal regulations of public company corporate governance and reporting governance. It uniform significantly tightened accountability standards for...If you indispensability to get a in full essay, order it on our website: Orderessay

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