Sarbanes Oxley

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Sammy C


Date added:

October 25, 2013







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4 / 991


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Scandals like Enron and WorldCom gave a bad name to accountants and their profession. Since the release of Sarbanes-Oxley, the accounting profession has increased its stature in the eye of the public. The act requires that the Securities and Exchange Commission puts into effect the new rulings and requirement into law...
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The most important piece stemming from the creation of Sarbanes-Oxley was the creation of the PCAOB (Public Company Accounting Oversight Board). The PCAOB is in charge of overseeing, regulating, and inspecting public firms in accordance with Sarbanes-Oxley. The largest issue coming from SOX is the issue of auditor independence...
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