Jeremy Oxley

As of July 30, 2002 the Sarbanes-Oxley (SOX) Act was passed. The Act has affected both the principles and assumptions of accounting and financial reporting. As your new financial advisor I will explain the important changes made by the SOX act and who is impacted by it. Section One The Sarbanes-Oxley (SOX) Act was the reaction to major corporate and accounting scandals, including Enron and WorldCom. The goal of the act is to thwart and dissuade future accounting fraud, safeguard shareholders and…

Client, The Sarbanes Oxley Act is a very good aspect of a company to inquire about. In a way, it has paved the way a business should be handled internally. I am going to education you on what the Sarbanes Oxley Act, also known as SOX, has done to secure and improve businesses, the changes in the act that have been effected, and how the principles and assumptions of accounting are affected. This should put your mind at ease, and give you the information you are looking for. The SOX Act was…

Congress passed in act in 2002, which was titled the Sarbanes-Oxley act. This act was created in order to protect investors, which includes shareholders and stakeholders from fraudulent accounting practices (Protiviti 2011). The creators of the Sarbanes-Oxley act were Paul Sarbanes, and Michael Oxley. The act was designed to provide regulation for financial practices, and to provide corporate governance. The idea behind the Sarbanes-Oxley act was to provide some time of governing body regarding…

Boomers can be in for a rude awakening when they try to dispose these investments. According to Wharton School professor Jeremy J. Siegel, The value of their accumulated assets – not just their stocks but also their bonds, their homes, and even the government bonds that back up their Social Security and Medicare – could plunge by up to 50% over the boomer generation’s remaining…