Sarbanes-Oxley asks the question: Is a particular accounting treatment not only permitted by standards, regulations, and laws, but is it ethical and does it results in accurate financial reporting? (United States Sentencing Commission, 2003)

The act requires corporations to establish audit committees, prohibits publicly audited clients from engaging an accounting firm that audits financial statements for non-audit services, and requires corporations to disclose all material off-balance sheet transactions.

While not regulated by the Sarbanes-Oxley Act, non-profit entities will also be impacted by the climate of scrutiny. There is no question t

Some topics in this essay:
Accounting Office, Board Directors, Sarbanes-Oxley Act, Sentencing Commission, Ensuring Board, Act July, United Congress, , financial reporting, Public Law, audit committee, board directors, WorldCom Congress, sarbanes-oxley act, public traded corporations, management ,  verifying, public traded, traded corporations, requires corporations, relationship external auditor, jeter 2003,