Compliance With Sarbanes Oxley Act for Companies in United States

I will pay for the following essay Compliance With Sarbanes Oxley Act for Companies in United States. The essay is to be 8 pages with three to five sources, with in-text citations and a reference page

I will pay for the following essay Compliance With Sarbanes Oxley Act for Companies in United States. The essay is to be 8 pages with three to five sources, with in-text citations and a reference page.

Download file to see previous pagesAccounting is a key area in every organization’s business. Correct recording and representation of material financial and operational facts about a company is critical for stakeholders to measure their interests into the company. Several industry standards are available for correct recording, calculation, and representation of this information. In addition, almost every country makes or adopts an accounting and internal control system which is mandatory for all the companies to follow. As time passes by, needs and requirements of new and comprehensive systems emerge that necessitates changes in the way traditional accounting and control systems operate.4.2&nbsp.Background&nbsp.The corporate world in United States took severe setbacks when scandals were surfaced about many large and multinational organizations in late 20th century. The companies like Enron, Tyco, and WorldCom were all victims of incorrect, ambiguous, unethical and inappropriate practices which remained hidden for a long period before they were finally identified and brought to the attention of the world. This sequence of events negatively affected shareholders’ and general public’s trust over the reliability and accuracy of financial information as published by companies. A general feeling was that of distrust, disbelieve, doubt and annoyance with the audit and internal controls systems of organizations. This state of affairs triggered a requirement for a regulation that could establish legal requirements for companies to ensure.

 
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