Sarbanes Oxley Act 2002 And Misguided Accounting

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With the growing number of fraud being executed around the world today, fraud surrounding financial reporting within corporations taken its place as well. He main problem with this is that parties within these companies and outside of these companies rely heavily on the information offered in these statements to be able to make important decisions. Misleading information can mean poor and misguided investments. The Sarbanes-Oxley Act (SOX) is an act that was passed by U.S. Congress in 2002 and was done so in order to protect investors from any possibility of them carrying out fraudulent activities. The Act helped to establish standards that public accounting firms would be held to. it made mandates for corporate management, and it also helped

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