Here is the synopsis of our sample research paper on An Evaluation of Sarbanes-Oxley. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5 page paper evaluates this Act that came as a result of the Enron scandal. Corporate ethics are discussed. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA707SO.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
activity, would see many workers lose their pensions. As a result, laws like Sarbanes-Oxley were born. But is Sarbanes-Oxley really necessary? There are opinions on both sides of the fence.
Obviously, the law is good on one hand, but it is very costly. Watterson (2004) reports that it is the most comprehensive piece of accounting legislation to come along in
more than three decades. Yet, the implementation of the legislation has improved corporate governance. Why is this important? By implementing corporate governance improvements, the stock price of an organization is
protected (Sun, 2006). What happens is that if there is something noticeably wrong going on, the stock price may drop. Many companies that have been involved in scandals had overvalued
the worth of the company, and that was part of the problem. This is bad. Hence, if a company is using independent auditors for example, they may be more likely
to secure the trust of the public. There is therefore a call for all listed companies at least to use internal auditors in order to secure a good position in
the market (Sun, 2006). Sarbanes Oxley, the act that was introduced as a result of Enron, has a lot to do what that (Sun, 2006). The author remarks that internal
auditors now have rock star status (Sun, 2006). Clearly, auditors are revered and have more clout than they might have in the past. Sarbanes-Oxley is simply a part of
the reason for improved auditing. Yes, the law demands that a lot of things must be done to prove that a company is worthy, but then again, good companies will
want to improve corporate governance simply to make sure that the firm itself is valued appropriately and that shares of stock sell well. Sarbanes-Oxley is good for the accounting profession
...