Scandals and Evidence of Accounting Fraud in Sarbanes-Oxley Act of 2002 Term Paper by Top Papers

Scandals and Evidence of Accounting Fraud in Sarbanes-Oxley Act of 2002
An analysis of the Sarbanes-Oxley Act of 2002 and whether it has been able to alleviate or at least deter poor financial reporting that either directly or indirectly had the objective to defraud individuals.
# 137343 | 1,000 words | 4 sources | MLA | 2007 | US
Published on Dec 01, 2007 in Accounting (Financial) , Accounting (Fraud)


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Description:

This paper outlines the major facets of the Sarbanes-Oxley Act of 2002, while simultaneously analyzing the events leading to the creation of the Act. A critical review of the Act is also included to see the major challenges the Sarbanes-Oxley Act has addressed and the successes it has achieved.

Outline:
Introduction
Preceding the Sarbanes-Oxley Act
Major Provisions of the Act
Conclusion

From the Paper:

"The Sarbanes-Oxley Act (henceforth SOX) contains 11 titles, which address issues involving criminal penalties, independence of auditors, rulings and requirements of the Securities and Exchange Commission, among other known accounting elements. The most profound part of SOX is the fact that there is a board that acts as an oversight agency which regulates, inspects, and disciplines auditors in their role as external accountants for public companies."

Sample of Sources Used:

  • Joyce, E."Symbol Fraud Charge Spread: Probe Continues". Business. June 20, 2006. Available at http://www.internetnews.com/bus-news/article.php/2225231
  • Lever, K. "The conceptual framework: A preparer's view", UK Accounting Standards Board Roundtable Debate, September, 2006. Available at http://www.frc.org.uk/documents/pagemanager/asb/Presentation%20by%20Ken%20Lever.pdf
  • Lin, H. "Limitations of Section 404 of the Sarbanes-Oxley Act". The CPA Journal. March 2006 Issue. Available at http://www.nysscpa.org/cpajournal/2006/306/essentials/p48.htm
  • Page, M. & Hines, T. "Response to FASB/IASB preliminary views on objectives and qualitative characteristics of financial reporting", International Accounting Standards Discussion Papers, November, 2006. Available at http://www.iasb.org/NR/rdonlyres/5AFFE376-B019-4874-9EFC-BA44B700EE3A/0/CL73.pdf

Cite this Term Paper:

APA Format

Scandals and Evidence of Accounting Fraud in Sarbanes-Oxley Act of 2002 (2007, December 01) Retrieved February 07, 2023, from https://www.academon.com/term-paper/scandals-and-evidence-of-accounting-fraud-in-sarbanes-oxley-act-of-2002-137343/

MLA Format

"Scandals and Evidence of Accounting Fraud in Sarbanes-Oxley Act of 2002" 01 December 2007. Web. 07 February. 2023. <https://www.academon.com/term-paper/scandals-and-evidence-of-accounting-fraud-in-sarbanes-oxley-act-of-2002-137343/>

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