Sarbanes Oxley Memo

sarbanes oxley memo Ancher cosmos Trading TO: Board of Directors FROM: Learning team up A consultants DATE: August 22, 2005 SUBJECT: Sarbanes-Oxley recommendations As consultants for Ancher globe Trading (APT), Learning Team A would like to indicate the implications of the Sarbanes-Oxley (SOX) legislation. This memorandum provides a brief history of SOX¡¦s creation, explains the semblance amongst the FASB, SEC and PCAOB, describes the pros and cons of SOX, assesses the impacts of SOX, and lists ethical considerations of SOX. History of SOX - the Sarbanes-Oxley Act of 2002 is legislation in response to the high profile financial scandals, such as seen with Enron and WorldCom. The purpose of this act is to encourage shareholders and the general public from accounting errors and fraudulent business practices. The Sarbanes-Oxley Act introduced stringent new rules to treasure investors by improving the accuracy and reliabilit y of corporate disclosures...If you love to get a full essay, order it on our website: BestEssayCheap.com

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