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The Sarbanes-Oxley Act Of 2002

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The Sarbanes-Oxley Act Of 2002
Corporations have abused corporate governance that it has caused the enactment of state and federal laws intended to stop such abuses from recurring. Staying compliant with these laws can be difficult and expensive for corporations. The Securities and Exchange Act of 1933 can cost companies hundreds maybe even thousands of dollars to list on the stock exchange since they have to disclose information to potential investors. The Sarbanes-Oxley Act of 2002 requires corporations to establish extensive systems of internal controls to ensure that their financial statements are both factually accurate and
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