Question

Does the sarbanes oxleyl egislation has an intended effect on business integrity and the impact on...

Does the sarbanes oxleyl egislation has an intended effect on business integrity and the impact on the competitiveness of US registered companies, particularly in light of some of the frauds that have happened post, “SARBOX”.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The provisions of SOX were established, in part, to strengthen internal control, require proper disclosure for special purpose entities, and eliminate conflicts of interests between a firm and its auditors. The purpose of this paper is to measure the effectiveness of these implementations to prevent fraud from occurring in the future.

Therefore Sarbanes oxley Legislation is not intended to effect on business integrity and the impact on the competitiveness of US registered companies.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Sarbanes-Oxley Act (SOX) was introduced in 2002 by the United States Congress to fight corporate financial...
Sarbanes-Oxley Act (SOX) was introduced in 2002 by the United States Congress to fight corporate financial statement fraud. Since its implementation, there have been questions about its effectiveness. After reading the Dutillieux, Francis, and Willekens (2016) article, "The Spillover of SOX on Earnings Quality in Non-US Jurisdictions (Links to an external site.)" discuss what earnings quality is and how the concern over that quality may have led to the enactment of SOX. How does SOX (a piece of U.S. Legislation)...
6. Financial distress has multiple negative consequences for the companies, and if they have high business...
6. Financial distress has multiple negative consequences for the companies, and if they have high business risks their assets are easily destroyed in financial distress. State some example of these assets that particularly sensitive to the financial distress and why?
6. Financial distress has multiple negative consequences for the companies, and if they have high business...
6. Financial distress has multiple negative consequences for the companies, and if they have high business risks their assets are easily destroyed in financial distress. State some example of these assets that particularly sensitive to the financial distress and why?
1) The fact that the owner of a proprietary business has unlimited personal liability for the...
1) The fact that the owner of a proprietary business has unlimited personal liability for the business’ debts, and the owner will have some difficulty raising new capital, are both considered to be disadvantages of the proprietary business structure. A. True B. False 2) The decision in how to structure a business really does not impact the income and wealth of its owners, the structure is a very minor issue. A. True B. False
Government is cleaning up the way companies do business after accounting and governance scandals rocked investor...
Government is cleaning up the way companies do business after accounting and governance scandals rocked investor confidence and damaged the reputation of companies large and small. The Sarbanes-Oxley Act (SOX) of 2002 was enacted in response to the high-profile Enron and World Com financial scandals to protect shareholders and the public from accounting errors and fraudulent practices by organizations. One primary component of the SOX is the definition of which records are to be stored and for how long. For...
John Maryland owns a small business in the Washington – Baltimore corridor with about 200 employees...
John Maryland owns a small business in the Washington – Baltimore corridor with about 200 employees and annual revenues of about $20,000,000. John Maryland, Inc. (JMI) manufactures, installs, integrates, and tests specialized electronics that are used in military and many hi-tech auto, rail, and avionics applications. In addition, JMI is one of only four US small-business companies that has access to, and is authorized to manufacture, certain specialized software and firmware that features encryption and other cryptographic algorithms that are...
Risks of Energy Solar Business Environmental risk: The direct environmental impact of installing a solar farm...
Risks of Energy Solar Business Environmental risk: The direct environmental impact of installing a solar farm has to do with the clearing of large areas of land which in turn affects native vegetation and wildlife in numerous ways and has an adverse ecological impact can affect the rainfall and the drainage of a region. Reflecting light beams coming from a concentrated solar power system can, if misdirected, interfere with aircraft operating pathways. CSP system operations involve high-temperature emissions in surroundings...
The following letter was sent to the SEC and the FASB by leaders of the business...
The following letter was sent to the SEC and the FASB by leaders of the business community. Dear Sirs: The FASB has been struggling with accounting for derivatives and hedging for many years. The FASB has now developed, over the last few weeks, a new approach that it proposes to adopt as a final standard. We understand that the Board intends to adopt this new approach as a final standard without exposing it for public comment and debate, despite the...
The following letter was sent to the SEC and the FASB by leaders of the business...
The following letter was sent to the SEC and the FASB by leaders of the business community. Dear Sirs: The FASB has been struggling with accounting for derivatives and hedging for many years. The FASB has now developed, over the last few weeks, a new approach that it proposes to adopt as a final standard. We understand that the Board intends to adopt this new approach as a final standard without exposing it for public comment and debate, despite the...
The following letter was sent to the SEC and the FASB by leaders of the business...
The following letter was sent to the SEC and the FASB by leaders of the business community. Dear Sirs: The FASB has been struggling with accounting for derivatives and hedging for many years. The FASB has now developed, over the last few weeks, a new approach that it proposes to adopt as a final standard. We understand that the Board intends to adopt this new approach as a final standard without exposing it for public comment and debate, despite the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT