The Sarbanes-Oxley Act (SOX) signed into law in July 2002

The Sarbanes-Oxley Act (SOX) signed into law in July 2002

Question # 00091955 Posted By: neil2103 Updated on: 08/14/2015 12:29 AM Due on: 08/31/2015
Subject Business Topic General Business Tutorials:
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Part A: 2 pages

The Sarbanes-Oxley Act (SOX) signed into law in July 2002 was intended to improve the accuracy of the financial statements prepared by publicly held companies. Carefully read the summary of this Act, and answer the following. Discuss how this law is likely to affect:

- The accuracy of public company financial statements and the cost of capital for public companies

Part B: 1 page

- If you believe that legislation can guarantee the accuracy of public company financial statements, please explain why previous laws have failed. If you believe that the reverse is true, please explain why CEOs and CFOs are paying so much attention to this law.

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    Tutorial # 00086355 Posted By: neil2103 Posted on: 08/14/2015 12:33 AM
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