Sarbanes Oxley Act of 2002

An assignment discussing the Sarbanes-Oxley Act and its implications.

Olivia Smith
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Sarbanes Oxley actof 2002

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Evaluate the overall impact of the Sarbanes-Oxley Act (SOX) of 2002 on corporate governance,business ethics, and financial reporting. Discuss both the positive and negative outcomes asidentified by critics and supporters. Additionally, consider the effects of SOX on small businessesand analyze the relevance of its provisions in today's corporate environment.Word Count Requirement: 12001500 words

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Title:Introducedinreplyto several highoutlineUS corporatefailures, the Sarbanes-Oxley Act(SOX) of 2002 hasestablishedto be agildedmine formootresearchers:afterwardonly five years,nofewerthan 528educationsof SOXseemon the Social SciencesInvestigation Network. Thisthesisseeks to review theconsequencesof thisinvestigationanddelivera concise summary of theobtainableindicationas of late 2007.General, although SOXseemsto have hadapproximatelyhelpfuleffects, it has also:augmentedthe costs ofchecking,supremacyand humanwealth, andcompliancemoreusually;inducedamis-matchamongexaminersandfirms;encouragedcompaniesto delist orthenstay below thecontrollingradar;droppedcorporateassetand risk-taking; and hadvagueeffects on theexcellenceof investor information andwealthmarketcompetence.•Brief historical summary on SOX enactment:Togetherin the US and in Europe during the 1960s and 1970s, sustainabilityjournalismwas drivenby arehabilitatedawareness oferrandsthat remainedfrustratedby governmentalorganizations,andapproximatelythat werestraightattributable tocommercialorganizations. Earlyeffortswithsocialjournalism,chieflyin the Netherlands and France,cementedthe way for the introduction ofecologicalreports inrepublicssuch as Germany, Austria, and Switzerland.Throughoutthe 1980s,ethicalassetfunds in the UK and the USappliedan investmentmethodbroadlyrecognizedas“negativebroadcastexcludingcompaniesfrom theirassetuniverse based on thecompanies’social andmoralpresentation.In theJointStatesnowadays, the system of financialruleis complex anddisjointed. Responsibilityto regulate themonetaryservicesmanufacturingis splitamongabout a dozencentralagencies,
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