The Sarbanes-Oxley Act

Paper Summary:

This paper discusses the Sarbanes-Oxley Act of 2002, which states that all business corporations need to better supervise and control their employees, documents and information and sets severe measures for those who destroy documents or hide them from the public or the government's institutions. The paper looks at the criticism and dissatisfaction of businesses with this legislation but also examines the positive effects of the bill on white-collar crime and corporate behavior. The paper evaluates the economic impact of the Sarbanes-Oxley Act.

Outline:
Abstract
Case Information
The SOX case of Richards vs Lexmark International Inc.
Literature on the Sarbanes-Oxley Act of 2002
Conclusions

From the Paper:

"During the past few decades, the number of white-collar business fraud cases seemed to increase dramatically. Due to an immense interest and press investigations, these crimes were brought to the publics' attention, causing them to lose their confidence in the fairness of business actions. In July 2002, Senator Paul Sarbanes and Representative Michael G. Oxley presented the American Senate with the Public Company Accounting Reform and Investor Protection Act of 2002."

Sample of Sources Used:

• Wikipedia, The Free Encyclopedia, Sarbanes-Oxley Act, postedon October 18, 2006, http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act, last accessed on October 21, 2006
• Warren W. Hamel, Esq. Venable Howards, It's Not Just Enron: A Guide to the Sarbanes-Oxley Act for Nonprofit Organizations
• Larry E. Ribstein, Corporate Governance at Crossroads: Sizing Up SOX, Draft of January 18, 2005
• Anindya Ghose and Uday Rajan, The Economic Impact of Regulatory Information Disclosure on Information Security Investments, Competition and Social Welfare, Submitted to Workshop on Economics of Information Security, March 2006
• Philip M. Berkowitz, Sarbanes Oxley Whistleblower Cases, December 28, 2004

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• Research Paper # 64146 : "The Sarbanes-Oxley Act (SOX)"
• Term Paper # 53186 : "The Sarbanes-Oxley Act"

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