Sarbanes-Oxley Act: Reforming Corporate America

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Running head: REFORMING CORPORATE AMERICA Reforming Corporate America Audri Rowell University of Phoenix Law 421 Jerome Tatar August 6, 2012 Reforming Corporate America The recent scandal acts within major corporations will no longer be an easy target. Holding management accountable for reporting financial data is the basis of the Sarbanes-Oxley Act of 2002. Congress has worked to restore the confidence of the nation through this reform. Prior to 2002 a study shows market turmoil with the Crash of 1929 along with the Great Depression to corporate fraud in the 1930s. The Sarbanes-Oxley Act is the first act with provisions to ensure little to no fraud within corporations. In late 2001 when the Enron/Anderson
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