Sarbanes Oxley Act

ASSIGNMENT INSTRUCTIONS

Write a 700 – 750 word paper on the following topic:

Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on internal controls and how these changes have affected corporations, accounting firms, and investors.

Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least one external reference. Save your file as “LastnameFirstinitial-ACCT105-7.”

Note that your attached paper will automatically be submitted to Turnitin, and an Originality Report should be sent back to the classroom within around 15 minutes. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited. A report with a similarity index less than 25% is acceptable for undergraduate level work.

Your paper will be evaluated according to the Writing Assignment Grading Rubric shown below. To maximize your grade, be sure to use the proper organization (intro, body, conclusion) and follow APA style. Your paper should have a title page and reference page, but you do not need an abstract for this assignment. See the PowerPoint presentation attached for APA assistance.

Guidelines

Writing Assignment Grading Criteria

Content (60%)

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Response demonstrates a clear understanding of the key elements of assignment questions.

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Response thoroughly covers the elements in a substantive manner.

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Response demonstrates critical thinking and analysis.

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Content is complete and accurate.

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Introduction and conclusion provide adequate information on the given topic.

Organization (20%)

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Paper structure is clear and easy to follow.

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Ideas flow in a logical sequence.

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Introduction provides a sound introduction to the topic and previews major points.

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Paragraph transitions are logical and support the flow of thought throughout the paper.

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The conclusion thoroughly reviews the major points.

Writing Style, Grammar, APA

SARBANES-OXLEY ACT 2002
	A Guide To The Sarbanes-Oxley Act

Home

Introduction
Compliance
Section 302
Section 401
Section 404
Section 409
Section 802
Miscellaneous
Humor

Contact Us

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EXTERNAL
RESOURCES

The Sarbanes-Oxley Compliance Toolkit contains various downloadable resources to assist with the compliance exercise. These include guides, presentations and audit checklists.

The Sarbanes-Oxley Forum is an interactive chat type resource which enables the free exchange of information and opinion

Also, the AICPA is a relevant associations for CPAs.

The Sarbanes-Oxley Act

The Sarbanes-Oxley Act of 2002 is mandatory. ALL organizations, large and small, MUST comply.

This website is intended to assist and guide. It provides information, and identifies resources, to help ensure successful audit, and management. Whether you are entirely new to the Sarbanes-Oxley legislation, or whether you have an established strategy, this portal should hopefully prove to be of substantial value

Introduction
The legislation came into force in 2002 and introduced major changes to the regulation of financial practice and corporate governance. Named after Senator Paul Sarbanes and Representative Michael Oxley, who were its main architects, it also set a number of deadlines for compliance.

The Sarbanes-Oxley Act is arranged into eleven titles. As far as compliance is concerned, the most important sections within these are often considered to be 302, 401, 404, 409, 802 and 906.

An over-arching public company accounting board was also established by the act, which was introduced amidst a host of publicity.

Sarbanes-Oxley Compliance
Compliance with the legislation need not be a daunting task. Like every other regulatory requirement, it should be addressed methodically, via proper analysis and study.

Also like other regulatory requirements, some sections of the act are more pertinent to compliance than others. To assist those seeking to meet the demands of this act, the following pages cover the key Sarbanes-Oxley sections:

Miscellaneous
Having studied the above pages, even if you are considering using an external consultant or legal expert, it is well worth taking some basic steps to enhance your position immediately. This not only demonstrates due diligence, but may well reduce the consultancy costs themselves.

One area that perhaps falls into the category is security. In many respects security underpins the requirements of the Sarbanes-Oxley Act. It is therefore important to quickly establish a credible and detailed security policy, which can often be done readily via off the shelf packages.

Finally, perhaps the most important statement on the entire web site: don’t put off until tomorrow what can be done today! With other legislation and regulation we have seen far too often organizations leave compliance until the last few days, and subsequently suffer adverse consequences.

Format (20%)

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Sentences are well constructed, complete, clear, and concise.

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Words used are specific an unambiguous.

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The tone is appropriate to the content and assignment.

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Grammar, spelling, and punctuation are correct.

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APA guidelines (6th edition) are followed, such as headers, citations, references, etc.

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Effective use of aids such as sections, summaries, table of contents, indices, and appendices (if appropriate).

Answer preview……………….

apa 778 words

Sarbanes Oxley Act

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