Sarabanes Oxley Act of 2002

Feb 3rd, 2012
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University of Phoenix
Course: Business and Management
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Brief excerpt from Sarbanes-Oxley Act of 2002 paper. The Sarbanes-Oxley Act of 2002 (SOX) resulted from the consequences of the financial disasters perpetuated by financial institutions such as Enron, Worldcom, and even the Savings and Loan debacles that served to fool and cripple the financial markets. As a result of their deceptive accounting practices, many investors lost millions of dollars. SOX was signed into law by President George Bush on the 30th day of July in the year 2002.

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