Assess cyber security industry standards, compliance, regulations, and laws.

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timer Asked: Dec 16th, 2018
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Question Description

Purpose

Regulatory standards are complex. Doing a deep-dive into one of those standards, Sarbanes-Oxley, will allow the student to learn how to read a standard thoroughly and what elements of the standard are important, as well as how to locate those elements within the written standard. Students are also given the opportunity to evaluate the effectiveness of a standard, providing supporting examples.

Assignment Instructions

Use the materials from your reading, particularly the material specific to the Sarbanes-Oxley Act. Research the Internet to provide the required responses.

Consider the Sarbanes-Oxley Act. Provide an in-depth discussion and analysis of this act that includes:

  1. Explain the events that led to this legislation (provide two examples).
  2. Explain the goals that the legislation seeks to achieve.
  3. Provide an overview on IT’s role in achieving compliance.
  4. Explain how audits and assessments help achieve or measure compliance.
  5. Elaborate on the consequences of noncompliance for companies to which this legislation applies (provide at least 2 examples).
  6. Do you feel that this act is achieving the goal that the legislators sought to accomplish? Why or why not? (Provide examples to support your opinion)
  7. What do you perceive as an organization’s biggest challenge in complying with Sarbanes-Oxley?
  8. Conclusion

Assignment Requirements

  • 4-5 pages of content (exclusive of cover sheet and references page), using Times New Roman font style, 12pt, double-spaced, using correct APA formatting, and include a cover sheet, table of contents, abstract, and reference page(s)
  • At least 1 credible source cited and referenced
  • No more than 1 table or figure
  • No spelling errors
  • No grammar errors
  • No APA errors

For more information and examples of APA formatting, visit the Writing Center in the library or APA Style Central under Academic Tools in this course.

Assess cyber security industry standards, compliance, regulations, and laws.
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Tutor Answer

benwamonicah
School: UCLA

the power company has restored electructy and am workng on the paper now, ready to complete it soonest
Attached.

Running Head: SARBANES OXLEY ACT

1

Sarbanes Oxley Act
Institution Affiliation
Date:

SARBANES OXLEY ACT
Before the development of Sarbanes Oxley Act by Congress, the United States
companies were not concerned about the law and the way audit was to be done. Most of the
companies floated the accounting principles and went beyond to act in manners that were
unethical. The public held corporations would condone fraud rent activities as well as lack
proper internal financial controls making it hard to work to sustain the operations of such
companies. Their financial reporting and audit procedures lacked specific guidelines even during
conducting external audits. The development of the Sarbanes Oxley Act, therefore, aims at
handling such cases. It was a result to the need to respond to accounting scandals that hit the
public corporations in 2000 up to 2002. The two major scandals that prompted the Congress to
pass this law are the Enron and WorldCom.
Lack of internal controls and lack of proper and effective organizational structure can
explain the organization failure. WorldCom and Enron are such cases of the organization whose
organizations behavior clearly explained and predicted its failure. The leadership and
management, as well as the organization structure in the company, were evident enough to alarm
a looming situation that would severely affect the firm. The behaviors demonstrated were a show
of fraud and culture of corruption were tools that cultivat...

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Anonymous
Goes above and beyond expectations !

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