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Oxley, the act was a result of numerous corporate and accounting scandals affecting the trust of millions of investors worldwide in any future investments. The act contains 11 sections which cite different corporate board responsibilities, criminal penalties and how each company must comply with the regulations. Though it is still too early to tell, many consider the Sarbanes-Oxley Act to be one of the most significant changes to U.S. securities laws since President Roosevelt's New Deal program.
The companies that played a part in the drawing up of the Sarbanes-Oxley Act with their corporate scandals were some of the most successful and well known businesses in the United States...
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Common topics in this essay:
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