5 paragraph answer : 8. ESSAY QUESTION: Do some reading in periodicals and/or on the Internet to...

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Finance

5paragraph answer : 8. ESSAY QUESTION: Do some reading inperiodicals and/or on the Internet to find out more about theSarbanes-Oxley Act's provisions for companies. Select one of thoseprovisions, and indicate why you think financial statements will bemore trust-worthy if company financial executives implement thisprovision of SOX.

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Solution SOX is a US law which sets requirements for US public companys boards management and public accounting firms Key objective of this law is to ensure public confidence in corporate financial statements in the absence of this law SOX there were many incidences of financial malfeasance and investors suffered significant losses as a result of corporate failures Objectives of SOX can be identified as follows Make management accountable Enhance disclosure Conduct regular reviews by the SEC Make external auditors accountable establishment of the See Answer

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