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What is the sarbanes-oxley act

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Reference no: EM131912332

What are some examples of major ethical breaches in the recent past that have led to increased scrutiny in the field of financial reporting and analysis? Why are they important to a firm's stakeholders and the public at large?

What is the Sarbanes-Oxley Act, and what are some of the elements of this Act that were designed to protect the integrity of the financial statements prepared and disseminated by publicly traded companies?

What is the SEC, and what is its role in protecting the integrity of financial statements prepared and disseminated by publically traded companies?

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The assignment has discussed the examples of Enron and WorldCom for the ethical breaches in the financial reporting. Also, it has discussed the importance of ethical issues in accounting for firm' stakeholders. The development of Sarbanes Oxley Act to protect the integrity of financial statements is also discussed in the answer.

Reference no: EM131912332

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