NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Learner: Anderson, Leona M. MGT7019 | Dr. Jennifer Scott | | | Ethics in Business | Case Study: A primer on Sarbanes- Oxley | <Add Learner comments here> ------------------------------------------------- ------------------------------------------------- Faculty Use Only ------------------------------------------------- <Faculty comments here> ------------------------------------------------- -------------------------------------------------
Words: 2048 - Pages: 9
University of Phoenix Material Article Review Format Guide MEMORANDUM UNIVERSITY OF PHOENIX DATE: March 21, 2015 TO: Ric Blackwell FROM: Shantele Norwood RE: The Sarbanes-Oxley Act: Possible impacts on privately held companies by Justin G. Klimko The Sarbanes- Oxley Act: Possible impacts on privately held companies Most provisions of the Sarbanes- Oxley Act apply only to publicly held reporting companies. Privately held companies doing business with public companies subjected
Words: 376 - Pages: 2
Within the last ten years corporate scandals such as Enron, WorldCom, Tyco, etc., triggered Congress to pass the Sarbanes-Oxley Act of 2002 (Ross, Westerfield, & Jaffe, 2010). False reporting of financial transactions was the number one commonality in all the scandals. In every case, shareholders of the companies suffered hefty losses due to the misrepresentation of the transactions. Almost $11 billion was lost by the shareholders of Enron (Blackburn, 2002). WorldCom shareholders lost about $194
Words: 1574 - Pages: 7
The Impact of Sarbanes-Oxley Act of 2002 on Accounting and Finance Departments Danika Grace Brown Lakeland College Kellett School of Business – BlendEd BA 772 Advanced Industrial Accounting II Instructor Mary Diederich March 10, 2015 Table of Contents Abstract 2 Overview of the Sarbanes-Oxley Act of 2002 3 About SOX 4 Reporting and Compliance 5 Risk Assessment and Control 6 Interview at Company X 7 Standards for Corporations and Officers 8 Auditing and Financial Reporting
Words: 3586 - Pages: 15
plagiarism and will result in an unsatisfactory grade for the work submitted or for the entire course, and may result in academic dismissal. | | MGT-7019 | Jo Ann Davis | | | Ethics in Business | Assignment 7 – Case Study: A Primer on Sarbanes-Oxley | | | ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Faculty Use Only -------------------------------------------------
Words: 2055 - Pages: 9
Week Five Article Review University of Phoenix Contemporary Business Law LAW/421 Valentine Castillo April 29, 2013 University of Phoenix Material Article Review Format Guide MEMORANDUM UNIVERSITY OF PHOENIX DATE: April 29, 2013 TO: Valentine Castillo FROM: RE: Sarbanes-Oxley Act: Was the ‘one-size-fits-all’ approach justified? Nogler, G., & Inwon, J. (2011, May/June). Sarbanes-Oxley Act: Was the ’one-size-fits-all’ approach justified? Journal
Words: 557 - Pages: 3
Sarbanes Oxley Act of 2002 Terri Largent BUS591: Financial Accounting & Analysis Dr. Donald Majors August 24, 2015 Fraud is something that the United States and the New York Stock Exchange is all too familiar with, and with the upheaval of many big companies such as Enron, Tyco, Worldcom, Xerox, and Sunbeam, the country’s economic stability took a turn for the worst. However, the year of 2002 brought about many changes for the economic world, most notably to publicly traded companies
Words: 2727 - Pages: 11
The Sarbanes-Oxley Act of 2002 was a law signed in by President Bush. This act applies in general to publicly held companies and the firms that perform the audits on them. The act affects the accounting profession particularly. This act doesn’t just apply to the large accounting firms but any CPA that is working as an auditor of or for any publically traded company in the US. The first implication that this act puts into place is the Public Company Accounting Oversight Board also referred to
Words: 1075 - Pages: 5
Article Review Sarbanes-Oxley Act (SOX Act) of 2002 - 421/LAW October 21, 2015 How Does the Sarbanes-Oxley Act of 2002 Affect Small Business Owners? (Chron, 2015) Article Synopsis Senator Paul Sarbanes and Representative Michael Oxley proposed the Act to toughen corporate liability, prevent scandalous fraud, and to protect company investors. Companies would go broke soon after showing and reporting that their financial reports were sound and company is in good standings. An example would
Words: 447 - Pages: 2
it thought. When corporate names become associated with scandal and greed, public confidence begins to falter. The Sarbanes-Oxley Act (SOX) came to be in July 2002 and introduced major changes to the regulation of corporate governance and financial practices. Also like other regulatory requirements, some sections of the act are more pertinent to compliance than others. Sarbanes-Oxley has been called by many the most far-reaching U.S. securities legislation in years. Now, all companies required to
Words: 602 - Pages: 3
