What exactly happened that caused the sarbanes-oxley act to happen?
The Act came in the wake of a series of corporate financial scandals, including those affecting Enron, Tyco International, and WorldCom (now MCI). Named after sponsors Senator Paul Sarbanes (D–Md.) and Representative Michael G. Oxley (R–Oh.), the Act was approved by the House by a vote of 423-3 and by the Senate 99-0.
what specific actions caused the sarbanes oxley act to come about ?
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January 23rd, 2010 at 5:16 pm
The Enron fiasco where the company made up unsupportable numbers.
References :
January 23rd, 2010 at 6:05 pm
The Act came in the wake of a series of corporate financial scandals, including those affecting Enron, Tyco International, and WorldCom (now MCI). Named after sponsors Senator Paul Sarbanes (D–Md.) and Representative Michael G. Oxley (R–Oh.), the Act was approved by the House by a vote of 423-3 and by the Senate 99-0.
References :
http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act