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Sarbanes Oxley Act Of 2002 Enacted

Sarbanes-Oxley Act of 2002 enacted

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Title: Sarbanes-Oxley Act of 2002 enacted

Essay Details:

Subject: Business

Author: Margaret D

Date: January 28, 2015

Level: University

Grade: B

Length: 7 / 1947

Essay text:

Many of the questionable accounting practices that gave rise to the Sarbanes-Oxley Act came to light, at least in part, as a result of employees who blew the whistle. Even before the scandals at Enron and other companies broke, Congress had embraced the policy of whistleblower protection as a means to help federal regulators ferret out violations and wrongdoing. In fact, the whistleblower provisions of the Sarbanes-Oxley Act are patterned after similar statutory schemes for protecting workers in the airline and nuclear power industries.1 Experience has shown that whistleblower cases can inflict serious damage on a company's reputation as well as on the careers of accused managers...

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