Impact of Sarbanes-Oxley Act on Non-U.S. Public Companies

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Essay #: 053692
Total text length is 21,488 characters (approximately 14.8 pages).

Excerpts from the Paper

The beginning:
Impact of Sarbanes-Oxley Act on Non-U.S. Public Companies
Introduction
The Sarbanes-Oxley Act of 2002 (SOX) came into existence primarily in order to better regulate the accounting functions of U.S. public companies. SOX was passed in the wake of major business scandals, including that of Enron and Worldcom, which were characterized by a lack of transparency (sometimes venturing into outright fraud) in accounting controls and practices. SOX was therefore intended to impose transparency, standardization, and accountability on the accounting function of U.S. public companies, as well as foreign companies listed on U.S. markets or foreign subsidiaries of U.S. public companies.
SOX’s remedies for financial fraud are thorough, covering...
The end:
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