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The Importance Of The Sarbanes Oxley Act

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The Importance Of The Sarbanes Oxley Act
Due to lack of transparency, fraudulent activities and window dressing of financial
Reports, statuary and regulatory authorities were provoked to initiate a legal agreement which would stop theses activities, thus Sarbanes Oxley act was formed in 2002. The act is of core importance as it deals with proper representation and disclosure of financial data and restricts the tampering of financial records. Sarbanes Oxley act is a helpful tool in maintaining a healthy and a trustworthy relationship with the stakeholders of the company.
As far as laws related to business ethics are concerned then laws like patent laws, international copyright laws and laws related to disclosure requirements like the Sarbanes Oxley act have had the greatest impact
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