Student Guide to the Sarbanes-Oxley Act: What Business Needs to Know Now That It Is Implemented

Prentice, Robert A; Bredeson, Dean

ISBN 10: 0324827199 / ISBN 13: 9780324827194

Published by Cengage Learning (edition 2), 2009

About this Item

It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.

Seller Inventory # 0324827199-8-1

Bibliographic Details

• Title: Student Guide to the Sarbanes-Oxley Act: What Business Needs to Know Now That It Is Implemented
• Publisher: Cengage Learning (edition 2)
• Publication Date: 2009
• Language: English
• ISBN 10: 0324827199
• ISBN 13: 9780324827194
• Binding: Paperback
• Edition: 2.
• Condition: Very Good

About this title

Synopsis

Enron was once the seventh-largest company on the Fortune 500. Yet, in the wake of revelations of accounting irregularities and securities fraud, it became entangled in the greatest business scandal of a generation and was essentially blinked out of existence after declaring bankruptcy. Similar accounting scandals at Global Crossing, Tyco, WorldCom, Adelphia, HealthSouth, and other companies prompted Congress to pass the Sarbanes-Oxley Act (SOX) in June 2002. This revolutionary act, which embodies the most significant securities law changes since the original federal securities laws of 1933 and 1934, contains provisions that create a new federal agency, restructure the entire accounting industry, reform Wall Street practices, dramatically alter corporate governance practices here and abroad, and attack insider trading and obstruction of justice. A lot has happened since its passage. The Public Company Accounting Oversight Board (PCAOB) has come into being, and the PCAOB and the Securities Exchange Commission (SEC) have issued countless rules to implement the SOX's many legislative mandates. This short guide focuses not only on what each part and section of the SOX means but also on what businesses need to know now that is has been implemented.