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Essay

Sarbanes Oxley Problem

Essay specific features

 

Issue:

Business

 

Written by:

Brenda G

 

Date added:

June 13, 2016

 

Level:

 

Grade:

B

 

No of pages / words:

5 / 1324

 

Was viewed:

349 times

 

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Essay content:

Sarbanes-Oxley was enacted to protect investors by combating corporate crime and improving corporate governance. As many commentators have noted, Sarbanes-Oxley requires companies to implement extensive corporate governance policies to prevent and timely respond to fraudulent activity within the company...
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For example, Sarbanes-Oxley expressly requires publicly traded companies to create anonymous hotlines for the reporting of fraud, and it requires executives to certify that their financial statements are accurate (Hooley, 2005). Other provisions require companies to closely review their policies and procedures regarding internal investigations, and implement the necessary processes and tools to respond timely and effectively to reports of fraudulent activity...
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