in the wake of the corporate scandals like those at Enron, Tyco International and WorldCom that ripped apart the financial interests of thousands of shareholders and retirement plan investors, lawmakers and professional bodies decided to tighten the grip on financial reporting normsarbanes-Oxley Act is the response to the malicious accounting practices that had been going on beforet seeks to restore the public's confidence in the corporate governance ethics and financial reporting guidelinesf the public's trust has been shattered it is an issue of concern especially as all along there had been as assurance of sound accounting and auditing practiceshe Sarbanes-Oxley legislation establishes new standards for all US public enterprise boards, management and public accounting firmsome of the significant provisions of the Act are:A new agency, the Public enterprise Accounting Oversight Board, shall monitor the role of auditors of public companiesenceforth, CEOs and CFOs shall certify th ... [Read More - How To Get Abs For Girls Quickly]
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