Sarbanes-Oxley Act Article Analysis
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Written by:
Eva R
Date added:
August 12, 2015
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A
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2 / 326
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The PCAOB was established as a result of an accounting and auditing firm, Arthur Anderson, acting unethically and allowing large corporations to mislead investors and falsify financial statements. The PCAOB is responsible for tightening accounting standards and disciplinary actions. The board conducts investigations and levies fines against any company found in noncompliance with the Sarbanes-Oxley Act...
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The PCAOB is responsible for tightening accounting standards and disciplinary actions. The board conducts investigations and levies fines against any company found in noncompliance with the Sarbanes-Oxley Act.
Passage of any law or act will have some negative side-effects. The Sarbanes-Oxley Act (SOX) has affected Corporate Executive Officers (CEO's), and the Board of Directors (BOD), of all publicly held companies...
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