06 Jun LEG 500 Week 1 Discussion Questions Sarbanes Oxley Act NEW
LEG 500 Week 1 Discussion Questions
Week 1 DQ
Do you think current ethical guidelines and constraints under the Sarbanes – Oxley Act of 2002 sufficiently restored public confidence in our financial institutions?
Regulators, public companies, audit firms, and investors generally agree that the Sarbanes-Oxley Act of 2002 has had a positive and significant impact on investor protection and confidence. However, for smaller public companies the cost of submission has been unreasonably higher than for large public companies, particularly with respect to the internal control reporting provisions in section and related audit fees. Does the SOX adequately protect the public from another financial disaster?
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