the sarbanes oxley act

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Title: the sarbanes oxley act

Essay Details:

Subject: Miscellaneous

Author: Susanna D

Date: September 26, 2016

Level: University

Grade: A

Length: 4 / 1028

Essay text:

In 2002, the Senate introduced the Sarbanes-Oxley Act of 2002. This new law impacts CPA's, CPA firms auditing public firms, publicly traded firms and their employees, lawyers, brokers, dealers, investment bankers and financial analysts who work for or have as clients as publicly traded companies. This law has established a New Public Company Accounting Oversight Board (PCAOB), enforces stricter guidelines and well as criminal penalties for firms and individuals within those firms that violate federal law. CPA firms are now held to a higher level of accountability and must now ensure that ethical standards become best practices and they conflict of interests or too close relationships between the auditor and the firm being audited is avoided at all costs...

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