Sample Essay

Critical evaluations of implications

The Sarbanes Oxley act is a notable act to revive the investors’ confidence and activity in the US capital market. This acts incorporates certain standards that are considered to be strict and he guidelines of this act depicts that the audit of financial statements would be strict and would properly fulfill the disclosure requirements of the financial statements. Earlier frauds were taking place and financial statements were not properly disclosed.

This demand for truthfulness and certainty in the financial statements has scrutinized the role of auditors and the recognition of fraud and malfunctioning in today’s world in not an easy job. Another important element was argued that public auditing firms are restricted in their ability to generate sufficient revenues to satisfy their operations and staff requirements. Different implications of SOX are discussed and the broader impacts of SOX on various stakeholders are also discussed in detail. The literature by Baker (2008)and DeFond & Francis (2005) covering the enactment of SOX and its implications suggests that the law may result in serious unintended harmful consequences.

Thank you for visiting Essaydemon.com and viewing our articles and sample papers. Kindly be informed that all these articles and sample papers are for marketing purposes only. The sole purpose of these articles and sample papers is just to provide our customers with an idea about our services before they place an order.

Kindly visit our order/inquiry page for further assistance.

Kindly order custom made Essays, Term Papers, Research Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, Creative Writing, Critical Thinking, on the topic by clicking on the order page.

admin

Recent Posts

Maintaining Medical Records

Maintaining Medical Records requires the appropriate software and is essential both for the patients and…

4 months ago

Is Scientology a Religion?

Scientology is regarded the most notorious religious movement of the 20th century. The Church of…

4 months ago

Issues of Capital Punishment

Capital punishment is a contentious and controversial issue in today’s world. The main objective of…

4 months ago

Journalism Ethics and Standards

Journalism ethics and standards comprise are adhered to by journalists. This division of media ethics is commonly called by…

5 months ago

Essay: Shakespeare’s Side of the Story

Sample Essay For Shakespeare’s side of the story, facts were derived from the chronicle by…

5 months ago

Essay: Frankenstein’s Representations

Sample Essay Frankenstein’s representations in movies are however more distorted than the original owner’s intention.…

5 months ago