THE SARBANES-OXLEY ACT AND CORPORATE GOVERNANCE 1 DELTA PUBLISHING COMPANY P.O. Box 5332‚ Los Alamitos‚ CA 90721-5332 All rights reserved. No part of this course may be reproduced in any form or by any means‚ without permission in writing from the publisher. 2 THE SARBANES-OXLEY ACT AND CORPORATE GOVERNANCE PROGRAM CONTENTS ACCOUNTING SCANDALS BRING ABOUT NEW GUIDELINES AND LEGISLATION POINTS OF CONTROVERSY RECENT FINANCIAL RESTATEMENTS STOCK OPTIONS
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during the investigative stages‚ and through trial. In 2002‚ § 1512(c)(2) was enacted as part of the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley"). Sarbanes-Oxley Act of 2002‚ Pub. L. No. 107-204‚ § 1102(c)(2)‚ 116 Stat. 745‚ 807 (codified at 18 U.S.C. § 1512(c)(2) (2012)). Before its enactment‚ § 1512(c)(2) was part of the Victim and Witness Protection Act of 1982 ("VWPA"). Victim and Witness Protection Act of 1982‚ Pub. L. No. 97-291‚ 96 Stat. 1248. "The [VWPA] was enacted to protect those persons with
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Understanding the Sarbanes-Oxley Act (SOX) and its impact on Generally Accepted Accounting Principles (GAAP) Chan Rajaram This paper is submitted in partial fulfillment of the requirements for graduation from Accounting Theory and Practice (BUSN 5600) Webster University Summer 2015 Abstract To discuss the origin and background of the Sarbanes-Oxley Act (SOX) and how it was implemented with an aim to improve accountability in the financial reporting process of all public companies. We
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DOMESTIC VIOLENCE IN WEBUYE COUNTY- WESTERN KENYA A RESEARCH PROPOSAL FOR THE FULFILLMENT OF A DIPLOMA COURSE IN THE UNIVERSITY OF ………. A STUDY CONDUCTED BY MR. SHDRACK MOMANYI OCHENGO PRESENTED TO PROF. …….. DATE OF SUBMISSION AUGUST 3‚ 2012 Table of Contents Chapter One (Introduction) 4 1.1 Background Information 4 1.2 Justification of the Study 6 2.0 Chapter 2: Literature Review 9 2.1 Introduction 9 2.2 Factors related to Domestic Violence 9
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The Sarbanes-Oxley Act of 2002 Name Tutor Institution Course Date Introduction The numerous scandals that involved corporate and investors in the year 2002 such as Enron‚ WorldCom and Tyco came as shock to many investors in the United States. Many investors lost their money to fraudulent activities by accountability corporate making them loose confidence in financial statements provided. Such loses created concern within the government prompting them to overhaul all the
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point each) 1. ____ The Robinson-Patman Act deals with price discrimination. 2. ____ The Florida Supreme court decisions can be appealed to the U.S. Supreme Court. 3. ____ NAFTA is a multilateral treaty of North American countries. 4. ____ U.S. courts have no jurisdiction over foreign businesses with operations in the United States. 5. ____ Sarbanes-Oxley is the most extensive regulations of companies since the
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Volansky FROM: Theresa Pleasants RE: Sarbanes-Oxley law discourages risk-taking‚ corporate growth ARTICLE SYNOPSIS “Sarbanes-Oxley has created a trillion-dollar industry‚ consisting of lawyers‚ accountants‚ compliance officers and programmers‚ pushing for more bureaucratic procedures and criminal penalties for company management and entrepreneurs‚ creating fear and confusion‚ and discouraging risk-taking and corporate growth.” (Mishra‚ 2011) SOX Act has made it more cost effective and low risk
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FROM: RE: Punishing the Innocent: The Sarbanes-Oxley Act Hunter‚ B. (2007). Punishing the innocent: The Sarbanes-Oxley Act. Retrieved from www.fee.org/files/docLib/0703hunter.pdf ARTICLE SYNOPSIS Hunter’s article examines how the Sarbanes-Oxley Act (SOX Act) is too stringent and gives too much power over companies to governing bodies‚ i.e. the Public Company Accounting Oversight Board (PCAOB) (Hunter‚ 2007). It discusses how the SOX Act is unfair to domestic and foreign and small and
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Biographical Sketches THE BEHAVIORAL HEALTH TRAINING & EDUCATION NETWORK Alphabetical by Speaker’s Last Name Alexion‚ Art Art is the systems engineer‚ part of the Infrastructure Engineering Group at RHD Enterprise Information Systems. While having a hand in much of the company’s IT infrastructure‚ he is primarily responsible for the email system‚ file servers‚ and deployment and management of mobile devices‚ including phones and tablets. He has spearheaded RHD’s mobile strategy
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scandals and actions reported many inaccurate information. The problems were not at the lower level‚ but the top executive levels were the problems. Due to many of these unethical financial activities‚ the stock financial reporting was inaccurate. The SOX Act was constructed to improve and build on the public trust. The goal is to gain the confidence and restore the integrity of the financial market. The public wanted integrity and honest of the government and the honesty and integrity of corporate
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