Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislati

Question

Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act. Do you believe the legislation enhances the power and prestige of the accounting profession, or alternatively, does it decrease both the power and prestige of the profession? Explain. Have any companies that would have been under the ACT gone private and delisted from one of the stock exchanges just to get out from under the act. What would be the reason? Give pro

Explanation / Answer

Yes, there is a cost/benefit of controls. Firms typically want controls around their riskiest areas. Low risk areas may only need minimal controls.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.