Sarbanes Oxley Memo

sarbanes oxley memo Ancher cosmos Trading TO: Board of Directors FROM: Learning aggroup A consultants DATE: August 22, 2005 SUBJECT: Sarbanes-Oxley recommendations As consultants for Ancher creation Trading (APT), Learning Team A would like to controvert the implications of the Sarbanes-Oxley (SOX) legislation. This memorandum provides a brief history of SOX¡¦s creation, explains the similitude amongst the FASB, SEC and PCAOB, describes the pros and cons of SOX, assesses the impacts of SOX, and lists ethical considerations of SOX.

History of SOX - the Sarbanes -Oxley Act of 2002 is legislation in response to the high profile financial scandals, such as seen with Enron and WorldCom. The purpose of this act is to encourage shareholders and the general public from description errors and fraudulent business practices. The Sarbanes-Oxley Act introduced stringent new rules to harbor investors by improving the accuracy and reliability of corporate disclosures...If you postulate to get a full essay, order it on our website: BestEssayCheap.com

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