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Article Review Format Guide
MEMORANDUM
UNIVERSITY OF PHOENIX
DATE: February 10, 2014
TO: Ms.Somerville
FROM:
RE: Sarbanes-Oxley Act of 2002 Lowell, C. H. (2002). Sarbanes-oxley act of 2002. Journal of International Taxation, 13(12), 6-9+. Retrieved from http://search.proquest.com/docview/232059342?accountid=458
ARTICLE SYNOPSIS
In this article the author describes what the Sarbanes-Oxley Act really is and how it affects business. The Sarbanes-Oxley Act “prescribes a broad range of limitations on the services that the auditor of a multinational enterprise may provide while maintaining the requisite independence for purposes of issuing audit opinions concerning public companies”. Basically, this act is a list of rules and regulations that businesses must follow.
LEGAL ISSUE
The “Sarbanes-Oxley was enacted in response to the recent scandalous corporate collapses, several of which have involved U.S.-based companies conducting extensive tax haven activities, or formerly U.S.-based multinationals that have expatriated to foreign tax havens”. The act was to prevent scandals made in international taxes.
MANAGERIAL PERSPECTIVE
For example, “Sarbanes-Oxley was enactged in response to the recent scandalous corporate collapses, several of which have involved U.S.-based companies conducting extensive tax haven activities, or formerly U.S.-based multinationals that have expatriated to foreign tax havens.”. The main issue is how Sarbanes-Oxley is present and how the limitations of use of the auditors.
I believe the problems can be avoided by simply following the regulations of the Sarbanes-Oxley Act. The Sarbanes-Oxley Act is the solution to previous tax problems in the international tax world.
Article Review Format Guide
MEMORANDUM
UNIVERSITY OF PHOENIX
DATE: February 10, 2014
TO: Ms.Somerville
FROM:
RE: Sarbanes-Oxley Act of 2002 Lowell, C. H. (2002). Sarbanes-oxley act of 2002. Journal of International Taxation, 13(12), 6-9+. Retrieved from http://search.proquest.com/docview/232059342?accountid=458
ARTICLE SYNOPSIS
In this article the author describes what the Sarbanes-Oxley Act really is and how it affects business. The Sarbanes-Oxley Act “prescribes a broad range of limitations on the services that the auditor of a multinational enterprise may provide while maintaining the requisite independence for purposes of issuing audit opinions concerning public companies”. Basically, this act is a list of rules and regulations that businesses must follow.
LEGAL ISSUE
The “Sarbanes-Oxley was enacted in response to the recent scandalous corporate collapses, several of which have involved U.S.-based companies conducting extensive tax haven activities, or formerly U.S.-based multinationals that have expatriated to foreign tax havens”. The act was to prevent scandals made in international taxes.
MANAGERIAL PERSPECTIVE
For example, “Sarbanes-Oxley was enactged in response to the recent scandalous corporate collapses, several of which have involved U.S.-based companies conducting extensive tax haven activities, or formerly U.S.-based multinationals that have expatriated to foreign tax havens.”. The main issue is how Sarbanes-Oxley is present and how the limitations of use of the auditors.
I believe the problems can be avoided by simply following the regulations of the Sarbanes-Oxley Act. The Sarbanes-Oxley Act is the solution to previous tax problems in the international tax world.