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ACCT 105 7.docx

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ACCT 105 Week 7 Homework Assignment American Military University ACCT 105 WIN 18 The Sarbanes-Oxley Act which was sometimes referred to as Sox. SOX was accepted by US Assembly in 2002 and it was ... approved in reply to a movement of accounting scams from firms like WorldCom, Enron, Global Crossing and Tyco there was this trend of accounting schemes and we even had one of the five major accounting companies Arthur Andersen was caught up in all this, they were terminating forms, they were charged illegally they ended up going out of business as a result of all of this and Sarbanes-Oxley actually did a amount of things first of all Ive had new guidelines for publicly imported businesses and their directors, they also formed a lot of new instructions for audit companies and it also occasioned in the formation of PCAOB. The CEO and CFO of a firm or their main majors which is typically the C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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