FratFiles

• Save Paper

Article Summary
The article being reviewed is called, “Sarbanes-Oxley: Beyond Public Companies” written by William H. Wiersema. Investors in the Stock Market rely on financial information issued by public companies for investment decisions. In order to protect the investors Congress passed the Sarbenes-Oxley Act in 2002. Investors need protection and the Act regulates many areas of corporate governance, which among other things requires top management to assume a higher level of formal responsibility. According to the article, management cannot absolve themselves of the responsibility for the company\\\'s financial information. Management must also establish a system of checks and balances by introducing independent parties into corporate governance. The Act also requires a greater emphasis on preventing fraud. Keeping companies ethical benefits the stakeholders.
The Act may create a new standard of internal controls applicable to all corporations, even in absence of legislation.......

View the rest of this paper...

Approximate Word Count: 795
Approximate Pages: 4 (250 words per double-spaced page)

Similar Essays

1. Ethics Article Review
   

   Ethics article review. Ethics article review Ethics in business is something
   that every one wants but few expect. In the past companies ...

2. Ethics Article Review
   

   Ethics Article Review. Ethics Article Review The purpose of ethics in business
   is to direct business men and women to abide by a ...

3. Ethics Article Review
   

   Ethics Article Review. The article I read states that although there are many companies
   that state ethics must be maintained in the accounting field. ...

4. Ethics Article Review
   

   Ethics Article Review. Ethics Article Review Ethical behavior applies to
   everyone in their personal and professional lives, ethics ...

5. Ethics Article Review Paper
   

   Ethics Article Review Paper. Ethics Article Review Paper (Revised) Shirley
   Smith University of Phoenix FIN 324 Walter P. Lambert ...