CHECK THESE SAMPLES OF Fraudulent Practices and Sarbanes Oley Act
The paper "Public Policy Analysis - Sarbane Oxley" highlights that the SOX requires that all companies both domestic and international that have registered equity or debt securities under the Securities act of 1934 are subject to the Sarbanes-Oxley act.... This is to underline that all foreign and domestic companies that have registered debt or equity securities under the Securities Exchange act of 1934 are bounded by the Sarbanes-Oxley act....
19 Pages
(4750 words)
Essay
Businesses employ deceptive or fraudulent accounting practices such as creative accounting to match the expectations.... Creative Accounting Creative accounting (aggressive accounting) details accounting practices that are not necessarily considered illegal, but which are potentially misleading to investors and considered as unethical, regardless of the fact that the strategy is well within the letter of the law (Shah, Butt and Tariq 531).... Accounting Fraud, earnings manipulation, and creative accounting Introduction Overtime, there have been high profile cases detailing fraudulent financial reporting such as those at Enron and WorldCom....
6 Pages
(1500 words)
Research Paper
The auditor's attestation was made mandatory, making companies more responsible and accountable in their account practices and disclosures.... The paper "The Sarbanes and Oxley act" states that the companies like Ernst & Young, Deloitte & Touche and Arthur Anderson admitted that they served for misdirection and miscalculation of funds belonging to their clients.... As a result, the Government of the US brought the Sarbanes and Oxley act.... It also called for public company accounting reform and investor protection act 2002....
24 Pages
(6000 words)
Essay
The central thrust of this legislation was a desire to rehabilitate the public's trust in accounting practices and to institute various reporting, inspection, and disciplinary regulations and processes in order to improve transparency.... This legislation is now known as the Sarbanes-Oxley act of 2002 or the Public Company Accounting Reform and Investor Protection act of 2002 (hereinafter referred to as the "act").... The act, however, has generated a fair amount of heated debate....
5 Pages
(1250 words)
Essay
Congress and the Security and Exchange commission intervened in the situation by creating a new financial regulation called the Sarbanes-Oxley act (SOX) of 2002.... The Sarbanes Oxley act purpose was to increase investor confidence by reforming accounting practices to improve accountability, auditor independence, internal controls, and executive responsibility to ensure financial fraud at the executive level of public companies was became punishable by jail time (Aicpa, 2008)....
5 Pages
(1250 words)
Research Proposal
Established in 2002, the Sarbanes-Oxley act (SOX) is mandatory to all organizations and introduce major changes to the regulation of financial practice and corporate governance (The Sarbanes-Oxley act, 2006).... Notably, the Sarbanes-Oxley act has great impact on minimizing the.... Ideally, the presence of audit failures and the resulting lack of confidence in the American public market led to the establishment of the Sarbanes-Oxley act of 2002....
4 Pages
(1000 words)
Assignment
The paper 'Entrepreneurial Crime and the sarbanes-Oxley legislation' will analyze white-collar crime, which is a corporate concern globally because of greed and the fact that business regulation can often not attain perfect surveillance and oversight.... In the spirit of the sarbanes-Oxley legislation, auditing accuracy, financial accuracy and operations between such entities and individuals must be undertaken in a clear and plausible manner to avoid fraudulent engagement....
5 Pages
(1250 words)
Essay
The incidence of corporate fraudulence that was noted in Tyco, Enron, and WorldCom led to the creation of the Sarbanes-Oxley act (SOX act) of 2002.... Divergent views have been raised against this act on various grounds.... A critical evaluation of the article The Costs and Benefits of Sarbanes-Oxley by Julia Hanna gives an insight into the relevance of this act.... Besides, Julia gives a broader picture of the extraneous factors that surround the act (Julia, 2014)....
2 Pages
(500 words)
Essay