Sarbanes Oxley - Effective Governance
Essay specific features
Written by:
Sallie N
Date added:
May 7, 2016
Level:
University
Grade:
A
No of pages / words:
7 / 1925
Was viewed:
8637 times
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Essay content:
history, dwarfing Texaco's filing in 1987 when it had $35.9 billion in assets. The day Enron filed for bankruptcy its stock closed at 72 cents, down from more than $75 less than a year earlier. Many employees lost their life savings and tens of thousands of investors lost billions. Who is to Blame? That is what at least a half-dozen Congressional Committees, the SEC, the U...
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Justice Department, and an investigative panel appointed by Andersen LLP set out to unearth. Regardless of blame, it was clear that changes needed to be made to protect the employee, who literally puts his or her life in the hands of their employer. The Sarbanes-Oxley Act of 2002 was enacted by elected policy-makers, in an attempt to deter the reoccurrence of Enron and govern the ethical behavior of Corporate America...
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