what is the Sarbanes-Oxley Act? Specifically, what does it address in financial reporting and auditing that...

90.2K

Verified Solution

Question

Finance

what is the Sarbanes-Oxley Act? Specifically, what does itaddress in financial reporting and auditing that was lacking prior?Secondly, while it may seems obvious - why is it important tounderstand foreign regulations? What are some of the concerns thatbusiness managers face?

Answer & Explanation Solved by verified expert

4.3 Ratings (712 Votes)

The SarbanesOxley Act was passed in 2002 in the response of many financial scandals in early 2000s in many companies like Enron WorldCom and Tyco Those scandals had disappointed the investors and reduced their confidence so this act was See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

what is the Sarbanes-Oxley Act? Specifically, what does itaddress in financial reporting and auditing that was lacking prior?Secondly, while it may seems obvious - why is it important tounderstand foreign regulations? What are some of the concerns thatbusiness managers face?

what is the Sarbanes-Oxley Act? Specifically, what does it address in financial reporting and auditing that...

90.2K

Verified Solution

Question

Finance

what is the Sarbanes-Oxley Act? Specifically, what does itaddress in financial reporting and auditing that was lacking prior?Secondly, while it may seems obvious - why is it important tounderstand foreign regulations? What are some of the concerns thatbusiness managers face?

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Transcribed Image Text

Other questions asked by students

4. In a survey sponsored by the Lindt chocolate company, 1708 women were surveyed and 85%...

For the reaction, 2 N2O5--> 4 NO2+O2, the rate of formation of NO2 is 0.004 mol^-1 s^-1. A)...

How might the following errors affect the concentration of the standard 0.0600 M solution? Â Â Weighing - out...

Aubrey opened a savings account with $1400 that pays no interest. She deposits an additional...

Carter invested $3,900 in an account paying an interest rate of 3.9% compounded daily. Assuming...

Let z denote a random variable that has a standard norma your answers to four...

Question Construct a polynomial function with the stated properties Reduce all fractions to Answer Third...

6 4 2 8 6 4 0 0 0 2 y 4 6 8 2...

A condensed income statement by product line for Healthy Beverage Inc. indicated the following for...

In a sale, the property in goods a. istransferred when goods are delivered to...

The following data were accumulated for use in reconciling the bank account of Creative Design...

Exercise \#1: Fill in the missing blanks in the following Income Statement \begin{tabular}{|c|c|c|} \hline Income...