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They were able to do this by improperly accounting for its operating costs (Sarbanes ?V Oxley Act). Due to these scandals the public trust was damaged and questions were raised as to practices in the accounting a reporting of these companies (Sarbanes ?V Oxley Act).
The Sarbanes ?V Oxley Law involves a wide area of involvement and covers new and or enhanced standards applicable to all U.S. public companies boards, Management and public accounting firms (Six Sigma).
The SOX Law requires the SEC (Securities Exchange Commission) to implement new rulings in order to comply with the new law. This law is covered in 11 titles, and covers Corporate Board responsibilities as well as the criminal penalties if there is failure to comply (Six Sigma)...
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