Sarbanes-Oxley Act

Paper Summary:

This paper begins by providing an overview of the Sarbanes-Oxley Act. It then looks at the Act's primary purpose which is to revamp the outdated legislative audit requirements for American corporations and seeks to protect investors by making improvements to the accuracy and reliability of corporate disclosures. Major events leading up to the Act's creation are discussed followed by a look at its ethical implications.

From the Paper:

"There are several ethical impacts due to the Sarbanes-Oxley Act. Perhaps the most significant is the establishment of auditor independence. Auditors now are not as entwined with the organizational business as they once were allowed to be, eliminating potential conflicts of interest that may sway an auditor to look the other way when certain data is presented. Like much of the Act, it establishes a firm line on what is ethically appropriate in corporate America."

More papers on Sarbanes-Oxley Act:

• Term Paper # 120593 : "Sarbanes-Oxley Act and Accounting Scandals"
• Term Paper # 124215 : "Sarbanes-Oxley Act"
• Essay # 72995 : "Sarbanes-Oxley Act's Costly Side"
• Analytical Essay # 85468 : "Sarbanes-Oxley Act"

APA Citation:

MLA Citation: