1. Enron and the Sarbanes Oxley Act
... important changes brought about by the Sarbanes Oxley Act are: the creation of the PCAOB (public company accounting oversight board), the new standards for auditor committee and auditor independence, the requirement for executives to certify all financial statements, enhanced financial disclosure requirements, and higher penalties for securities fraud (Cernusca). The most influential and important feature imposed by SOX was the ... because they directly relate to the accuracy of the company's financial statements and the controls prevent misconduct. Probably the biggest change to financi...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate