SOX Act mandates senior executives to take responsibility for the accuracy and completeness of financial reports.
SOX Act mandates senior executives to take responsibility for the accuracy and completeness of financial reports.
Do you think has SOX been successful in corporations being more ethical? What are some examples, beside Enron?
Looking for a response in about 125-150 or so words please
………………….Answer preview…………………….
SOX mandate senior executives to take responsibility for the accuracy and completeness of financial reports.
Do you think SOX has been successful in corporations being more ethical?
Yes,first the changes resulted in creation of the Public Company Accounting Oversight Board, the assessment of personal liability to auditors, executives and board members and creation of the Section 404. The section is the required internal control procedures which did not exist before SOX. Public companies are now required to include an internal control report with their annual audit. Monitoring public accounting companies is the responsibility of the oversight board, which works with the SEC. Accounting firms u………………..
APA
358 words
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