XACC 291 Week on the lookout for Sarbanes Oxley Act

 XACC 291 Week 9 Sarbanes Oxley Act Dissertation

Sarbanes-Oxley Act

Matthew Greenwell

Teacher Eric Weitner

XACC-291

January 23, 2015

In any culture there will be people who will do anything to succeed in your life which includes downloading copyrighted movies or even locating loop slots within laws and regulations. Now the Sarbanes-Oxley Action is a government law to try and protect investors and the public from deceitful practices in the end this is a law and everything laws may be broken. Some critics have pointed out the " Madoff scandal as a prime sort of how the Sarbanes-Oxley Act provides failed” (Fuller, 2009). Although just because a program fails does not mean offer up or perhaps stop this means that you need to perfect the system. So where does the authorities go from here? Do earning more regulations or put more paperwork? I believe we all do need to consistently improve the laws in order that it continuously fits the business types of America corporations and their interests. The Sarbanes- Oxley Work has been able to shake up firms and have all of them start looking by their economic reports the who is undertaking them. Firms need to go back to basics, values. " In case the company would emphasize integrity and actually, the profits is probably not as substantive but in least you already know them to become true” (Fuller, 2009). " This sets the foot work for a organization to grow for many years as an ethical honest company rather than burn up quickly like a profit powered supernova” (Fuller, 2009). We any nation the someones ethics decide the ethical compass of that society and if we enact laws and offer people the authority to enforce these laws we could change each of our country for the best. The Sarbanes-Oxley Act is a piece of legal guidelines that was enacted to assist prevent fraudulent financial revealing and to give assurance to investors. Legislation has many features that will help to protect the public via fraud. There are numerous critics from the act, in the long run, it will have many benefits and advantages for the federal government, companies, and the...

References: Richer, G. (2009, March 9). The potency of Sarbanes-Oxley in Fraud Reduction. �

ezinearticles. Retrieved by http://ezinearticles.com/?The-Effectiveness-of-Sarbanes-

Oxley-on-Fraud-Prevention& id=2081849


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