Sarbanes Oxley

Special Terms SEC= Securities and Exchange Commission. This is the coupled States governing automobile trunk that has primary responsibility for overseeing the regulation of the securities industry. CPA= Certified commonplace Accountant. These are accounting professionals who have passed the Uniform CPA exam. all CPAs are professionally licensed to provide to overt, attestation opinions on publicly disseminated financial statements. GAAP= generally Accepted method of accounting Rules. These are the accounting rules used to prepare financial statements for publicly traded and private companies. GAO= General Accountability Office. This is the audit, evaluation, and investigative agency of the United States Congress. AICPA= The American Institute of Certified Public Accountants. This is the largest professional placement of accountants in the United States. It is the primary organization defining Generally Accepted Auditing Standards. FASB= The Financial Accounting Standards Board. The major organization to grow Generally Accepted Accounting Principles in the United States. excogitation The Sarbanes-Oxley Act of 2002 also know as SOX, is named after the Senator capital of Minnesota Sarbanes and Representative Michael G. Oxley. SOXs was signed into U.S. law on July 30, 2002.

At the time the law was signed by President George W. Bush, to spew forth the necessary efforts to look after the investing public from officers of corporations and auditing firms who fraudulently misrepresent the financial firmness of the business. In another(prenominal) words, the Act was designed to explore the improvement on worldly concern and accuracy of corporate disclosures. The Sarbanes-Oxley Act was introduced due to the bankruptcies of Enron, Global Crossing, Adelphia and WorldCom and the event that they had all hidden their true financial standings from creditors and the shareholders until they were unable to couple their financial obligations which resulted in the exposure if significant losses. The Sarbanes-Oxley Act... If you want to make believe a full essay, order it on our website: Ordercustompaper.com

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