1. Fraud
... enacted the Sarbanes-Oxley Act on July 30, 2002. Highlights of the Sarbanes-Oxley act are: Section 100 - Requires the establishment of a five member Public Accounting Oversight Board who will oversee registration of audit firms for publicly traded companies, establish ethics and standards, conduct inspections and investigate disciplinary proceedings against public accounting firms. Section 200 - Conflicts of Interest ... 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 corporation...
- Word Count: 2557
- Approx Pages: 10
- Grade Level: Undergraduate