1. Enron and the Sarbanes Oxley Act
... included in their financial statements. The company would also sell their bad (not profiting or old) assets to the SPE's to get them off their balance sheet and record a gain and then would turn around and hide all their losses under the SPE's name instead of their own (Buckstein). Little tricks like these, along with falsifying the "fair value" ... securities laws since the 1930's, SOX was put in place to restore confidence in the market by increasing corporate accountability, enhancing public disclosure of financial statements, and strengthen corporate governance (Jickling). Sarbanes O...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate