Purpose of Assignment
Corporate fraud has cost businesses and its shareholders millions of dollars and has been the source of legislation and regulations attempting to provide oversight and guidance to corporate boards, executives, and practitioners.
Think about how these laws have changed the practices of corporate executives and, in light of the Enron scandal et al., has it been enough?
Assignment Steps
Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 16 (pp. 364 -368), 22, and 23.
Scenario: The Sarbanes-Oxley Act (SOX) has been in effect since 2002 and has cost businesses millions of dollars in personnel and administrative costs.
Your solar panel maunfacturing and installation company is in the process of "going public," has underwritten its Initial Public Offering (IPO), and filed its registration statement with the Securities Exchange Commission. Your current executive team has asked you to create a plan ensuring SOX compliance is followed once you become a publicly traded company.
Review the pertinent sections of The Sarbanes-Oxley Act (SOX) Act. For purposes of this proposal to the board, only concern yourself with the compliance provisions of SOX (Sections 302, 401, 404, 409, and 802), which you will explain and discuss in detail.
Create a proposal to the board outling the compliance project and measures necessary to implement SOX. The recommended word count for this assignment is at least 1,500 words; however, your paper will be graded based on substantive content rather than any specific word count.
Cite a minimum of five references. One resource must be from the University Library.
Format your paper consistent with APA guidelines.