Compliance Sarbanes Oxley

Where can i find an article that focuses on whether or not Sarbanes-Oxley has made a significant impact on reducing white-collar crime in the workplace?

Some examples

Examination of the white collar crime penalty enhancements in the Sarbanes-Oxley Act http://www.questia.com/googleScholar.qst;jsessionid=HfnY24NdJQFP2f26GzqZC87PJ4WzvZj6hhh1ccnWlMftlpwlmSWJ!382110953?docId=5001697646
Legislated Ethics: From Enron to Sarbanes-Oxley, the Impact on Corporate America http://www.springerlink.com/content/t2137117t883h718/
Economic consequences of the Sarbanes–Oxley Act of 2002 http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V87-4N5TN3X-1&_user=10&_rdoc=1&_fmt=&_orig=search&_sort=d&view=c&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=707c1c1afda47a2b2059d398099dea5f

This business college class I am taking does a "Tribond assignment" That makes you write a small one page paper about what the common bond is on three things. What do you think the common bond is for Enron, Arthur Andersen, and Sarbanes-Oxley?

Enron = Lack of internal controls

Arthur Andersen = Somehow managed to ‘overlook’ Enron’s lack of internal controls, because some of Andersen’s employees/auditors were also part of Enron’s management team.

Sarbanes-Oxley = Mandates that an auditing firm cannot be part of the company’s management ‘team’.
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That’s my opinion – hope it gives you a start.

I mean, we had the combined code? so why wasnt it followed? whats so different about the Sarbanes-Oxley Act?

Reactionary legislation – it is still just as easy to mark assets off balance sheet after Sarb-Ox, SIV any one?

It was just plain and simply corporate fraud, has happened all through history and the SEC simply lacks the resources to catch it before it blows up. I mean you can work as a forensic accountant at the SEC for $100,000 or at a big 4 Accountancy firm or Investment Bank or Hedge fund for $1m+

Sarbanes-Oxley Legislation came out in 2002, to protect employees from retaliation if they come forward and say anything about the corporation and their financial reports that may not be completely true. Does this law include blowing the whistle on poor behavior? I know you have 90 days from the retalatory act to file a report with OSHA, but I am unsure if there is another law that fits bad behavior better?

SOX will not help you in this matter. It was legislation passed to swing power back into the auditiors hands and make the heads of the companies more liable for the financial statements among other things. It would help you if you knew your boss was engaged in activities to help the company tinker with the financial statements or commit fraud. but it’s not help for bad behavior.

2.Discuss the adequacies of the sarbanes oxley Act of 2002 and its relevance to the current financial climate. What changes would you recommend to the current act and why?

I’m not familiar with that legislation, however being a Maryland resident I do know that if Sarbanes has anything to do with it, it is either not necessary or cost too much.

The Sarbanes-Oxley Act of 2002 requires companies to:

1. Prosecute employees suspected of fraud.
2. Publish its code of ethics.
3. Report unethical behavior to the Better Business Bureau.
4. Conduct ethics training for all employees.

The answer is really that they need to review thier ethics mandates annually.

http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act

In layman’s english, what exactly is the Sarbanes-Oxley act, and how is it different from the way companies used to do business?

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Since I really haven’t answered your question, it is not necessary to give me any points. Regards.

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