The way that the Sarbanes-Oxley Act of 2002 impacts the financial reporting of a corporation. Introduction: Sarbanes-Oxley Act, 2002: Sarbanes-Oxley Act, 2002 is an act under which a board of five members is constituted. Undertaking the responsibility of maintaining the quality of audits, establishing standards of audits, and setting up rules and regulations for the independence of the auditors are some of the roles of this board. The main focus of this act is to ensure that publicly-listed companies fairly present actual reports of their financial statements.

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Chapter 1, Problem 15DQ

Summary Introduction

To explain:The way that the Sarbanes-Oxley Act of 2002 impacts the financial reporting of a corporation.

Introduction:

Sarbanes-Oxley Act, 2002:

Sarbanes-Oxley Act, 2002 is an act under which a board of five members is constituted. Undertaking the responsibility of maintaining the quality of audits, establishing standards of audits, and setting up rules and regulations for the independence of the auditors are some of the roles of this board. The main focus of this act is to ensure that publicly-listed companies fairly present actual reports of their financial statements.

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