Sarbanse Oxley act is a law that regulates the corporations for fair and transparent financial reporting in order to protect the shareholders’ interest. The need for regulatory requirements and a law like Sarbanes Oxley act was felt because of higher number of huge corporate scandals and fraudulent financial reporting. The aim of Sarbanse Oxley act is to protect the shareholders from financial losses resulting from financial frauds carried out by management of the companies.
The Sarbanse Oxley act defines various restrictions including financial reporting formats, on companies and also outlines the amounts of penalties in case of violations of the act.
Comment on what Section 404 of the Sarbanes Oxley Act requires of
In order to preserve auditor independence, the Sarbanes Oxley Act of
The Public Company Accounting Oversight Board (PCAOB) is a direct
What new rules were enacted under the Sarbanes Oxley Act to address
Companies often voluntarily provide non-GAAP earnings when they announce annual
1. A building owned by Hopewell Company was recently valued at
