Sarbanes Oxley Act

In this day in age, hope is a real big word, what’s even bigger, is being ethical. All these news show media we see about spouses cheating on each other, raises a big question on trust. We tout ensemble make decisions in our lives that affect the outcome of other people. Remember a hardly a(prenominal) years ago, Enron wasn’t doing so well and yet they had “cooked the books”. That way of life that even though they knew that they were not doing so well, they made it face that this comp some(prenominal) was being very successful. Every adept manages the reason is that they wanted more people to invest in their company. Well we alone know the actual result of this. Enron lost so much bullion and more important respect. Just like cheating spouses, the trust to which people had, whether they were employees, investors, or just the main public society, was lost. unhappily soon after that many companies fell into the same peg down as Enron, like Martha Stewart Living, and most recent MCI WORLDCOM (Now Verizon). So we maintain 2 senators Paul Sarbanes and Representative Michael Oxley. And thus the Sarbanes Oxley act of 2002 was born. The paper of this is that all businesses, Large or small, must comply to the rules of that all accounting work must be done by certified officials. There are many sections to this act. I go away now go through each and every one of them. In section 302 the signing officers energize reviewed the report. The report does not contain any genuine untrue statements or material omission or be considered misleading.



The financial statements and related development fairly present the financial condition and the results in all material respects. The signing officers are responsible for internal controls and halt evaluated these internal controls within the previous ninety days and have reported on their findings. We must have a enumerate of all deficiencies in the internal controls and information on any fraud that involves employees who are involved with internal activities. Any probatory changes in internal controls or related...

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