The reason that we decided to use this particular article was because we felt that ethics in the work place are an important component of the business world. This article points out that there may be certain factors that play into the ethicality of certain individuals based on the characteristics that make them who they are. This article shows and teaches us that t...
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...-level ethics courses are more ethical than students who took fewer ethics courses. H8: Students with more workplace ethics training are more ethical than those with less training. H9: Students respond more ethically to the high-moral-intensity questions scenarios than to the low-moral intensity scenarios” (Persons, 359-361).
A survey at a private mid-Atlantic university was conducted on business students to see how they would answer certain ethical questions. The reason that business students were primarily targeted was because they would soon be entering the business world and possibly become corporate leaders which is a job that is exposed ethical dilemmas daily. Day-time and evening students where asked by their professors during their regular class periods if they wished to take a series of scenario questions. The professor explained that students could
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- An auditor’s role in an audit is very important. An auditor must be able to collect enough evidence to supports their finding, and also be on the lookout for fraud. Company’s may or may not know the law, but it is the job to know the law, and be able to educate and report findings properly. Since the Sarbanes-Oxley Act, there have been provisions that have directly affected auditors. This paper will include the details of the Sarbanes-Oxley Act, how ethics and independence have affected auditors, as well implementation of new standards based on the Sarbanes-Oxley Act.... [tags: auditor, sarbanes oxley act, auditing]
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- Ethicality, or the lack of, plays a large part in the broad spectrum of business. It is the duty of every business person to conform to a certain code of ethics. Because of scandals in regard to ethicality, such as Enron, WorldCom, and TYCO, The Sarbanes-Oxley Act of 2002 was passed in order to create a better system of promoting and supervising the ethicality of all businesses and their employees. “In compliance with the Sarbanes-Oxley Act of 2002, in 2003 the NYSE (2009) and the NASDAQ (2009) issued new corporate governance rules that require their listed companies to adopt and disclose a code of business conduct and ethics.... [tags: Ethics, Business ethics, Corporate governance]
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- The field of financial reporting tends to bore many people, until it makes the front page in a typically catastrophic fashion due to one scandal or another. While we are happy ignoring the important accounting function of reporting and auditing while that function works properly, as soon as it fails, we turn on corporations and the accountants that keep them running to call for justice and perhaps reform. Today, the accounting practices of publically-traded companies are governed by numerous regulations and requirements, among them the Sarbanes-Oxley Act of 2002 (SOX), a piece of legislation introduced following a number of headline accounting scandals at companies like Enron and WorldCom (H... [tags: Internal control, Auditing, Audit]
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- With increasing frequency; the news is reporting many new fraud investigations and cases. The positive side of these fraud reports shows that people are getting caught. Many times it takes years of fraudulent activity to occur before the individual is caught. Billions of dollars are lost by companies and individuals every year. However; in more recent years, companies and individuals are learning more about how and why fraud occurs. For a company; the Sarbanes-Oxley Act of 2002; has aided in the detection of fraudulent activity (Bumgardner, 2003).... [tags: Criminal law, Jury, Trial]
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- In addition to internal control reform, the Sarbanes-Oxley Act of 2002 (SOX) redefined governance requirements for U.S. reporting companies. SOX provided for stricter requirements of the audit committee by enhancing the board’s responsibilities. The audit committee is directly responsible for appointing and overseeing the work performed by a company’s external auditor. In addition, because the audit committee is required to communicate closely with the external auditors, the committee is required to have independent members of the board of directors as well as to appoint a financial expert.... [tags: Internal control, Auditing, Audit]
1144 words (3.3 pages)
- Sarbanes–Oxley Act Sarbanes-Oxley Act of 2002 Long title The Sarbanes-Oxley Act of 2002 (often shortened to SOX) is legislation passed by the U.S. Congress to protect shareholders and the general public from accounting errors and fraudulent practices in the enterprise, as well as improve the accuracy of corporate disclosures. The U.S. Securities and Exchange Commission (SEC) administers the act, which sets deadlines for compliance and publishes rules on requirements. Nicknames Sarbanes-Oxley, Sarbox, SOX Enacted by the 107th United States Congress Citations Public law Pub.L.... [tags: U.S. Securities and Exchange Commission]
1027 words (2.9 pages)
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- . The Sarbanes-Oxley Act of 2002 was created to protect investors from potential fraudulent activities from corporations (The Data Governance Institue). The Sarbanes-Oxley was created after issues such as Enron occurred. The motivation of this act was to hold CEOs and other corporation officials responsible and of the financial situations their company was in. The idea that corporations would record false number with their financial results was not only dishonest, but would cost the stakeholders a great amount of money (The Data Governance Institue).... [tags: Information security, Computer security, Security]
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- Ethics continues to be a hot issue in the business world. The focus on business ethics grew after several significant business scandals beginning in the millennium. These scandals prompted the government to pass new accounting regulations to increase the control and accuracy of financial reporting. A prominent piece of legislation is the Sarbanes-Oxley Act of 2002, which applies to publicly traded businesses. The basis of Sarbanes-Oxley is to increase the reliability and accuracy of financial reporting (Noreen).... [tags: Business Ethics]
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- H.R.3763 - The Sarbanes-Oxley Act of 2002 A lot has been made, perhaps without justification, of the July 30, 2002 passage of H.R. 3763, The Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley" or The Act). Having read the Act, I suspect that the great praise is unfounded. I intend to address three issues presented within the act. First, I will address stock options as considered (or neglected, as the case may be) by Sarbanes-Oxley. Second, I will address the creation of a Commission designed to oversee audits and corporate accounting practices, and the potential efficacy of this Commission.... [tags: essays research papers]
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