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The Pros And Cons Of The Sarbanes-Oxley Act

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The Pros And Cons Of The Sarbanes-Oxley Act
This Act was formed in 2002, which created regulation changes for directors and financial areas. The legislation structured the name based on Senator Sarbanes as well as Oxley, Michael. Sarbanes-Oxley Act, surfaced a great deal of alterations to cooperation’s. An adjustment for board of directors, is there is no longer a combination of have one CEO/Chairman. Now both are considered separate titles and have different positions. This Act can also, verify financial information, leaving any inaccurate data to be at fault of that individual. Each board must consist of at least one CFO, which audits and provides final signatures for financial documents. Inquiring that all professional involved with a company need to be more aware of those organizational
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