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Essay heading: Public Policy and SOX
Essay specific features
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Business |
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| Date added: |
February 28, 2003 |
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| No of pages / words: |
5 / 1168 |
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0 times |
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Essay content:
This is referred to as policy formulation. Policy formulation is defined as the passage of legislation designed to remedy some past problem or prevent some future public policy problem. SOX established new or enhanced standards for all U.S. public company boards, management, and public accounting firms...
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It contains 11 titles ranging from additional CEO and CFO responsibilities to criminal and civil penalties for non-compliance. Of the five types of policy solutions (inducements, rules, facts, rights, and powers), this Act is a "Rules" policy solution.
The governmental agency tasked with implementing rulings on compliance of SOX is the Securities and Exchange Commission...
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