The Effectiveness of the Sarbanes-Oxley Act of 2002 in Preventing and Detecting Fraud in Financial Statements

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Author :
Publisher : Universal-Publishers
ISBN 13 : 1581123183
Total Pages : 236 pages
Book Rating : 4.5/5 (811 download)

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Book Synopsis The Effectiveness of the Sarbanes-Oxley Act of 2002 in Preventing and Detecting Fraud in Financial Statements by : Debra DeVay

Download or read book The Effectiveness of the Sarbanes-Oxley Act of 2002 in Preventing and Detecting Fraud in Financial Statements written by Debra DeVay and published by Universal-Publishers. This book was released on 2006 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collapse of Enron, WorldCom, and other large corporations in 2001 and 2002 motivated Congress to pass the Sarbanes-Oxley Act of 2002 (SOX). The purpose of this legislation was to restore investor confidence in the United States stock markets, and to prevent and detect fraud in financial statements as well. This dissertation examines the effectiveness of SOX for the latter purpose of preventing and detecting fraud, using statistical enforcement data presented by the Securities and Exchange Commission, and financial statement restatement numbers published by the Huron Corporation. The two methodologies utilized to analyze the data were the unpaired t test and the chi square test. Surveys were also emailed to executives and certified public accountants across the country to extract opinions as to the effectiveness of SOX. The statistical analysis results displayed that in 61% to 65% of the data sets, the numbers prior to the enactment of SOX were no different than the numbers subsequent to the enactment of SOX. The majority of the survey respondents feel that the benefits of SOX are not worth the costs, it is not effective in the prevention and detection of fraud in financial statements, and that it should be modified, but not eliminated entirely. While some sentiment exists that SOX is salvageable if revisions are executed, both the quantitative and qualitative analyses indicate support of the null hypothesis, that SOX is not effective in the prevention and detection of fraud in financial statements.

Sarbanes-Oxley IT Compliance Using Open Source Tools

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Author :
Publisher : Elsevier
ISBN 13 : 0080557279
Total Pages : 466 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Sarbanes-Oxley IT Compliance Using Open Source Tools by : Christian B Lahti

Download or read book Sarbanes-Oxley IT Compliance Using Open Source Tools written by Christian B Lahti and published by Elsevier. This book was released on 2007-12-19 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Sarbanes-Oxley Act (officially titled the Public Company Accounting Reform and Investor Protection Act of 2002), signed into law on 30 July 2002 by President Bush, is considered the most significant change to federal securities laws in the United States since the New Deal. It came in the wake of a series of corporate financial scandals, including those affecting Enron, Arthur Andersen, and WorldCom. The law is named after Senator Paul Sarbanes and Representative Michael G. Oxley. It was approved by the House by a vote of 423-3 and by the Senate 99-0. This book illustrates the many Open Source cost-saving opportunities that public companies can explore in their IT enterprise to meet mandatory compliance requirements of the Sarbanes-Oxley act. This book will also demonstrate by example and technical reference both the infrastructure components for Open Source that can be made compliant, and the Open Source tools that can aid in the journey of compliance. Although many books and reference material have been authored on the financial and business side of Sox compliance, very little material is available that directly address the information technology considerations, even less so on how Open Source fits into that discussion. The format of the book will begin each chapter with the IT business and executive considerations of Open Source and SOX compliance. The remaining chapter verbiage will include specific examinations of Open Source applications and tools which relate to the given subject matter. * Only book that shows companies how to use Open Source tools to achieve SOX compliance, which dramatically lowers the cost of using proprietary, commercial applications. * Only SOX compliance book specifically detailing steps to achieve SOX compliance for IT Professionals.

The International Corporate Governance System

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Author :
Publisher : Springer
ISBN 13 : 1137360011
Total Pages : 476 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis The International Corporate Governance System by : F. Lessambo

Download or read book The International Corporate Governance System written by F. Lessambo and published by Springer. This book was released on 2016-01-26 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive approach to Corporate Governance, Audit Process and Risk Management. Furthermore, it provides an analytical and comprehensive approach of the issues facing governance directors, internal and external auditors, risk managers, and public officials conducting assessments based upon the Report on Standards and Codes.

The Sarbanes-Oxley Act of 2002

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Sarbanes-Oxley Act of 2002 by : Thomas G. Bost

Download or read book The Sarbanes-Oxley Act of 2002 written by Thomas G. Bost and published by . This book was released on 2003 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Manager's Guide to the Sarbanes-Oxley Act

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0471650080
Total Pages : 254 pages
Book Rating : 4.4/5 (716 download)

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Book Synopsis Manager's Guide to the Sarbanes-Oxley Act by : Scott Green

Download or read book Manager's Guide to the Sarbanes-Oxley Act written by Scott Green and published by John Wiley & Sons. This book was released on 2004-02-19 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Need help ensuring your campany complys with Sarbanes-Oxley? Armed with this hands-on guide, you can detect early signs of fraud and operational loss, and safeguard your job, your employees' jobs, and the long-term success of your company. Don't let fraud derail your career. Protect yourself with the fail-safe Control Smart method found in Manager's Guide to the Sarbanes-Oxley Act. Order your copy today!

The Sarbanes-Oxley Debacle

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Publisher : A E I Press
ISBN 13 : 9780844771946
Total Pages : 0 pages
Book Rating : 4.7/5 (719 download)

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Book Synopsis The Sarbanes-Oxley Debacle by : Henry N. Butler

Download or read book The Sarbanes-Oxley Debacle written by Henry N. Butler and published by A E I Press. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors argue that the Sarbanes-Oxley Act of 2002 (SOX) is a colossal failure, yet seek to salvage some lessons from the ruins of SOX.

Sarbanes-Oxley Act of 2002

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Sarbanes-Oxley Act of 2002 by : United States. Congress

Download or read book Sarbanes-Oxley Act of 2002 written by United States. Congress and published by . This book was released on 2002 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Sarbanes-Oxley Act

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Author :
Publisher : Butterworth-Heinemann
ISBN 13 : 0080554601
Total Pages : 219 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis The Sarbanes-Oxley Act by : Michael F. Holt

Download or read book The Sarbanes-Oxley Act written by Michael F. Holt and published by Butterworth-Heinemann. This book was released on 2007-11-16 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Sarbannes-Oxley Act (SOX) is a mandatory requirement for all listed corporations in the US, whether foreign or not. Compliance is not an option. Other countries are developing similar legislation so the books value is international in scope. SOX is a hot topic and the effects are just beginning to be felt world-wide. This new book goes beyond the implementation phase of SOX and looks at the reaction to the Act in terms of costs, benefits and business impacts. This book is for Senior Managers in the Business and Financial/Accounting Communities who want/need to know what the reaction of business and government is to the SOX legislation, what it is costing and how the effects are penetrating through the business environment. Mike Holt presents a comprehensive review of the impact that Sarbanes-Oxley legislation has had on business, the financial community, governments and the public since its inception in 2002. The Sarbanes-Oxley Act has been somewhat successful, but not completely and the cost (well over a trillion dollars) might be considered too high a price to pay for the gains. This book takes a hard look at the costs, benefits and other impacts as well as at what influential and prominent financial, government and business leaders think about it now. * International in scope and content and including interviews with prominent business leaders, CEOs and CFOs of large and small corporations. * Compliance with The Sarbanes-Oxley Act is now mandatory for every listed US corporation and overseas corporations listed on US stock markets. * Covers the reaction of business and government to this legislation, what it is costing and how the effects are penetrating through the business environment.

Understanding the Sarbanes-Oxley Act of 2002

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Publisher :
ISBN 13 :
Total Pages : 547 pages
Book Rating : 4.:/5 (2 download)

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Book Synopsis Understanding the Sarbanes-Oxley Act of 2002 by :

Download or read book Understanding the Sarbanes-Oxley Act of 2002 written by and published by . This book was released on 2002 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sarbanes-Oxley and the New Internal Auditing Rules

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0471646733
Total Pages : 336 pages
Book Rating : 4.4/5 (716 download)

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Book Synopsis Sarbanes-Oxley and the New Internal Auditing Rules by : Robert R. Moeller

Download or read book Sarbanes-Oxley and the New Internal Auditing Rules written by Robert R. Moeller and published by John Wiley & Sons. This book was released on 2004-05-10 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sarbanes-Oxley and the New Internal Auditing Rulesthoroughly and clearly explains the Sarbanes-Oxley Act, how itimpacts auditors, and how internal auditing can help with itsrequirements, such as launching an ethics and whistle-blowerprogram or performing effective internal controls reviews under theCOSO framework. With ample coverage of emerging rules that have yetto be issued and other matters subject to change, this bookoutlines fundamental blueprints of the new rules, technologicaldevelopments, and evolving trends that impact internal auditprofessionals. Order your copy today!

Corporate Investigations

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Publisher : Lawyers and Judges Publishing
ISBN 13 : 9781933264028
Total Pages : 0 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Corporate Investigations by :

Download or read book Corporate Investigations written by and published by Lawyers and Judges Publishing. This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: What if you could find an investigative manual that handed you over 750 years of wisdom from the very top investigators in the USA? Well, you have just found it! The range of corporate investigations is extremely broad, from accounting financial fraud to executive protection, from shoplifting to international fraud. More than two dozen experts share their investigative techniques to help you navigate this complex field. This work is a must have book if your clients are corporations. To be without this hallmark work for conducting corporate investigations is like trying to conduct a surveillanc.

The Sarbanes- Oxley Act - A brief introduction

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3640106318
Total Pages : 11 pages
Book Rating : 4.6/5 (41 download)

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Book Synopsis The Sarbanes- Oxley Act - A brief introduction by : Andreas Bauer

Download or read book The Sarbanes- Oxley Act - A brief introduction written by Andreas Bauer and published by GRIN Verlag. This book was released on 2008-07-21 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2007 in the subject Business economics - Law, grade: 1,3, IPAG Ecole Supérieure de Commerce Nice, course: Financial Management, language: English, abstract: This paper provides a brief but complete introduction of the Sarbanes- Oxley Act (SOX). After providing the aims that were pursed by the United States legislation by introducing this act, the paper gives an overview of the provisions of the Sarbanes- Oxley Act. This overview deals with every single provision and describes the inherent measures. Ultimately the last section of this paper delivers an overview of the criticism raised by different scholars and experts concerning the Sarbanes- Oxley Act.

Introduction to Business

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Publisher :
ISBN 13 :
Total Pages : 1455 pages
Book Rating : 4./5 ( download)

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Book Synopsis Introduction to Business by : Lawrence J. Gitman

Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2024-09-16 with total page 1455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.

The Sarbanes-Oxley Act of 2002

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Author :
Publisher : LexisNexis/Matthew Bender
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Sarbanes-Oxley Act of 2002 by : United States

Download or read book The Sarbanes-Oxley Act of 2002 written by United States and published by LexisNexis/Matthew Bender. This book was released on 2002 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handy reference booklet contains the text of the Sarbanes-Oxley Act of 2002, along with analysis and guidance from leading corporate and securities practitioners. The expert commentary provides: an overview of the Act's requirements; discussion on how the Act affects corporate officers and directors; and advice on how to implement the new certification requirements.

Sarbanes-Oxley Guide for Finance and Information Technology Professionals

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0471927678
Total Pages : 290 pages
Book Rating : 4.4/5 (719 download)

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Book Synopsis Sarbanes-Oxley Guide for Finance and Information Technology Professionals by : Sanjay Anand

Download or read book Sarbanes-Oxley Guide for Finance and Information Technology Professionals written by Sanjay Anand and published by John Wiley & Sons. This book was released on 2006-06-15 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Sarbanes-Oxley Guide for Finance and Information Technology Professionals "Effective SOX programs enlist the entire organization to build and monitor a compliant control environment. However, even the best SOX programs are inefficient at best, ineffective at worst, if there is a lack of informed, competent finance and IT personnel to support the effort. This book provides these important professionals a needed resource for and road map toward successfully implementing their SOX initiative." —Scott Green Chief Administrative Officer, Weil, Gotshal & Manges LLP and author, Sarbanes-Oxley and the Board of Directors "As a former CFO and CIO, I found this book to be an excellent synopsis of SOX, with impressive implementation summaries and checklists." —Michael P. Cangemi CISA, Editor in Chief, Information Systems Control Journal and author, Managing the Audit Function "An excellent introduction to the Sarbanes-Oxley Act from the perspective of the financial and IT professionals that are on the front lines of establishing compliance in their organizations. The author walks through many areas by asking 'what can go wrong' types of questions, and then outlines actions that should be taken as well as the consequences of noncompliance. This is a good book to add to one's professional library!" —Robert R. Moeller Author, Sarbanes-Oxley and the New Internal Auditing Rules "Mr. Anand has compiled a solid overview of the control systems needed for not only accounting systems, but also the information technologies that support those systems. Among the Sarbanes books on the market, his coverage of both topics is unique." —Steven M. Bragg Author, Accounting Best Practices "An excellent overview of the compliance process. A must-read for anyone who needs to get up to speed quickly with Sarbanes-Oxley." —Jack Martin Publisher, Sarbanes-Oxley Compliance Journal

Agriculture Priorities and Allocations System (Us Farm Service Agency Regulation) (Fsa) (2018 Edition)

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781729565100
Total Pages : 52 pages
Book Rating : 4.5/5 (651 download)

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Book Synopsis Agriculture Priorities and Allocations System (Us Farm Service Agency Regulation) (Fsa) (2018 Edition) by : The Law The Law Library

Download or read book Agriculture Priorities and Allocations System (Us Farm Service Agency Regulation) (Fsa) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-10-23 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agriculture Priorities and Allocations System (US Farm Service Agency Regulation) (FSA) (2018 Edition) The Law Library presents the complete text of the Agriculture Priorities and Allocations System (US Farm Service Agency Regulation) (FSA) (2018 Edition). Updated as of May 29, 2018 The Farm Service Agency (FSA) is establishing the regulation for the Agriculture Priorities and Allocations System (APAS). Food is a critical commodity essential to the national defense (including civil emergency preparedness and response). To avoid civilian hardship during national defense emergencies, it may be necessary to regulate the production, processing, storage, and wholesale distribution of food. Through the APAS rule, the U.S. Department of Agriculture (USDA) will respond to requests to place priority ratings on contracts or orders (establishing priority on which contracts or orders are filled first) for agriculture commodities up through the wholesale levels, including agriculture production equipment, and allocate resources, as specified in the Defense Production Act (DPA) of 1950, as amended, if the necessity arises. FSA is implementing this rule as a way to redirect the agriculture commodities and resources to areas of hardship or potential hardship due to national emergencies. In most cases, there is likely to be no economic impact in filling priority orders because it would generally just be changing the timing in which orders are completed. This book contains: - The complete text of the Agriculture Priorities and Allocations System (US Farm Service Agency Regulation) (FSA) (2018 Edition) - A table of contents with the page number of each section

The Sarbanes-Oxley Act

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Publisher : Nova Publishers
ISBN 13 : 9781604560879
Total Pages : 176 pages
Book Rating : 4.5/5 (68 download)

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Book Synopsis The Sarbanes-Oxley Act by : Wilma H. Fletcher

Download or read book The Sarbanes-Oxley Act written by Wilma H. Fletcher and published by Nova Publishers. This book was released on 2008 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Sarbanes-Oxley Act of 2002, PL 107-204 described by some as the most important and far-reaching securities legislation since passage of the Securities Act of 1933, 15 USC §§ 77a et seq, and the Securities Exchange Act of 1934, 15 USC §§ 78a et seq, both of which were passed in the wake of the Stock Market Crash of 1929. The Act establishes a new Public Company Accounting Oversight Board which is to be supervised by the Securities and Exchange Commission. The Act restricts accounting firms from performing a number of other services for the companies which they audit. The Act also requires new disclosures for public companies and the officers and directors of those companies. Among the other issues affected by the new legislation are securities fraud, criminal and civil penalties for violating the securities laws and other laws, blackouts for insider trades of pension fund shares, and protections for corporate whistleblowers. This book contains important analyses on the impact of this Act.