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Sarbanes-Oxley Act Of 2002 Case Study

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Sarbanes-Oxley Act Of 2002 Case Study
The Sarbanes-Oxley Act of 2002 established a new five-person board to oversee financial accounting in publicly traded corporations. The board is appointed by the Securities and Exchange Commission. Prior to the creation of this board the industry relied primarily on self-regulation through the American Institute of Certified Public Accountants. Do you think the establishment of the new oversight board was a good idea or should the profession have continued to be self-regulated?

In 2002 there was a new act that came in tact, appointed by the Securities Exchange commissions, the Sarbanes-Oxley act put in place a new requirement that there must be a board of five people to always monitor the financial accounting for public corporation. This
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