1. Sarbanes-Oxley Act
(Kadlec, 2002)To prevent future catastrophes, the Sarbanes-Oxley Act was created. ... (AICPA,Sarbanes-Oxley)The new laws were created with multiple goals in mind: • Prohibit auditors from providing non-audit services to audit clients, except with oversight board pre-approval; • Require CEOs and CFOs to certify their companies" annual and quarterly financial reports, subject to civil and criminal penalties; • Require CEOs and CFOs to forfeit bonuses, incentive compensation or gains form the sale of company securities during the 12- month period after the initial publicati...
- Word Count: 1972
- Approx Pages: 8
- Grade Level: Undergraduate