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自从2002年乔治•布什(George w . Bush)总统签署了萨班斯-奥克斯利法案成立7年,感觉这是一个永恒的眼中钉美国企业。尽管美国国会议员是谁创造了它有很好的意图,为企业实现成本,维护和执行严格的标准一直是天文数字。财政负担袜引起了那么多公司有许多专家想知道好处大于与之关联的沉重的代价标签。

2002年的萨班斯奥克斯利法案法案是联席保荐人的产物马里兰参议员保罗。萨班斯和俄亥俄州众议员迈克尔·g·奥克斯利。塞班斯法案,参议院也被称为的“公众公司会计改革和投资者保护法案”,在众议院“企业和审计问责制和责任法案”也通常被称为萨班斯-奥克斯利法案,SOX法案。美国联邦法律,7月30日颁布,2002年制定新的或者增强的标准为所有美国上市公司董事会,管理和会计师事务所。

该法案的颁布对一些主要的公司和会计丑闻包括那些影响安然,泰科国际有线电视公司Adelphia,游隼系统和世通。“各种复杂因素创造了条件和文化中,一系列的大型企业欺诈行为发生在2000年和2002年之间。壮观,曝光的安然、世通、泰科暴露重大利益冲突和激励性薪酬实践的问题。复杂而有争议的根源的分析导致了2002年通过萨班斯法案” (Farrell, 2005).

公司丑闻投资者数十亿美元的资金,影响公司的股价暴跌,动摇了公众对证券市场的信心。

摘要——Abstract

Ever since President George W. Bush signed the Sarbanes-Oxley Act of 2002 into existence seven years, it feels like it has been a thorn in the side of Corporate America for eons. While the United States lawmakers who created it had very good intentions, the costs for corporations to implement, maintain, and perform to the strict standards has been astronomical. The financial burden SOX has caused so many companies has many experts wondering if the benefits outweigh the heavy price tag associated with it.

The Sarbanes Oxley Act of 2002 is the product of co-sponsors Senator Paul Sarbanes of Maryland and Representative Michael G. Oxley of Ohio. The Sarbanes Oxley Act, also known in the Senate as the 'Public Company Accounting Reform and Investor Protection Act' and in the House as the 'Corporate and Auditing Accountability and Responsibility Act' is also commonly called Sarbanes-Oxley, Sarbox or SOX. It is a United States federal law that was enacted on July 30, 2002, which set new or enhanced standards for all U.S. public company boards, management and public accounting firms.

The bill was enacted as a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. 'A variety of complex factors created the conditions and culture in which a series of large corporate frauds occurred between 2000 and 2002. The spectacular, highly-publicized frauds at Enron, WorldCom, and Tyco exposed significant problems with conflicts of interest and incentive compensation practices. The analysis of their complex and contentious root causes contributed to the passage of SOX in 2002' (Farrell, 2005).

Corporate scandals cost investors billions of dollars when the share prices of affected companies collapsed, shook public confidence in the nation's securities markets. 'The Enron scandal deeply influenced the development of new regulations to improve the reliability of financial reporting, and increased public awareness about the importance of having accounting standards that show the financial reality of companies and the objectivity and independence of auditing firms' (Ayala, & Giancarlo, 2006). 'One consequence of these events was the passage of Sarbanes-Oxley Act in 2002, as a result of the first admissions of fraudulent behavior made by Enron. The act significantly raises criminal penalties for securities fraud, for destroying,

altering, or fabricating records in federal investigations or any scheme or attempt to defraud shareholders' (Cohen, Dey, & L本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。