1. Enron and the Sarbanes Oxley Act
... interest as well as allowing the company to save more cash for business operations (Jickling). In other words companies can compensate their executives without reducing their profits and they don't have to expense these costs (Jickling). These stock options cause executives to end up having a huge ... true picture of a company's financial position (Buckstein). Another major duty of the PCOAB is to ensure that the audit client relationship is free from conflict of interest to prevent what happened at Enron and AA from happening again (Jickling). The boards set regulations to replace the s...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate