... Sarbanes-Oxley Act The Public Company Oversight Board, mandated by the Sarbanes-Oxley Act, will take responsibility for accounting oversight out of the hands of the accounting profession (Fraudulent Financial Reporting - The Government and Accounting Profession React). This board will be responsible for inspecting public accounting firms and will have the power to impose sanctions of up to $2 million on corporations found ... ...

• Word Count: 2557
• Approx Pages: 10
• Grade Level: Undergraduate

... in the market by increasing corporate accountability, enhancing public disclosure of financial statements, and strengthen corporate governance (Jickling). Sarbanes Oxley had dramatic and galvanizing effects on the accounting and audit profession and forever changed the way accountants and corporate executives do their jobs. Before further discussing the changed SOX had, it is important to note that the law was not revolutionary ... ...

• Word Count: 3410
• Approx Pages: 14
• Has Bibliography
• Grade Level: Graduate