Sarbanes-oxley act of 2002 has been described as the most, Ask an Expert

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Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act. Do you believe the legislation enhances the power and prestige of the accounting profession, or alternatively, does it decrease both the power and prestige of the profession? Explain. Have any companies that would have been under the ACT gone private and delisted from one of the stock exchanges just to get out from under the act. What would be the reason? Give pro's and cons of such action. Has this changed in any way the relationship between a CFO and the Board of Directors and/ or the independent auditor?

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Accounting Basics, Accounting

Category:- Accounting Basics
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