Sarbanes-Oxley Act (SOX Act) (Article Sample)
Locate an article specifically related to the Sarbanes-Oxley Act (SOX Act) of 2002.
Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in today’s business environment, and the criminal penalties for which the act provides.
Topic Sarbanes-Oxley Act (SOX Act)
Following the stipulations of the surbanes-oxley Act of 2002 (Sox Act), there have been myriad impacts in businesses today. This can be realized through review of articles such as has been done in this paper, which reviews the article by Bova et al. On basis of review of this article, there is observed changes in the ethical decision-making in todayâ€™s businesses. There is observed integrity increase in the firmsâ€™ financial reporting. This follows the need to comply with the requirements of the Sox Act. This is as a result of realization that the efforts to ensure fortune for the businesses through going public must be aligned to the requirements of the Sox Act, in terms of employment of ethics in making decisions. Bova, Minutti-Meza, Richardson & Vyas (2014) assert that: there is a regular tendency of businesses to incur costly new layers of financial reporting controls to monitor internal transactions. This follows ...
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