What is your opinion concerning the Sarbanes-Oxley Act

Our papers are 100% unique and written following academic standards and provided requirements. Get perfect grades by consistently using our writing services. Place your order and get a quality paper today. Rely on us and be on schedule! With our help, you'll never have to worry about deadlines again. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

Since the enactment of Sarbanes-Oxley, auditors have had civil and criminal liability and are required to take personal responsibility for financial statements. This activity will assist you with understanding your responsibilities and the legal ramifications of not meeting them. This background information will assist you with completing the final project and will provide preparation for a career in auditing.

Critics of the Sarbanes-Oxley Act do not believe the act will be effective at deterring accounting frauds because it primarily relies on specifying new crimes and higher penalties (e.g., increased maximum fines and prison terms). Critics argue that if corporate executives are not deterred by the prospect of 5 or 10 years in prison (which existed pre-Sarbanes-Oxley), the threat of imprisonment will have little or no practical effect no matter what the maximum is raised to. Thus, critics conclude that the act was more an expression of political outrage than good policy.

Proponents of the act believe the new crimes, increased penalties, and the other provisions in the act will be effective at significantly reducing corporate accounting fraud.

For your initial post, provide your opinion concerning the Sarbanes-Oxley Act and support your thoughts with at least one scholarly source in addition to the textbook.

NEED 1 SCHOLARY SOURCE IN APA FORMAT


Textbook used: Auditing & Assurance Services 10th Edition

By: William F. Messier Jr.

Steven M. Glover

Douglas F. Prawitt

Writerbay.net

We offer the best essay writing services to students who value great quality at a fair price. Let us exceed your expectations if you need help with this or a different assignment. Get your paper completed by a writing expert today. Nice to meet you! Want 15% OFF your first order? Use Promo Code: FIRST15. Place your order in a few easy steps. It will take you less than 5 minutes. Click one of the buttons below.


Order a Similar Paper Order a Different Paper