Article Review: Sarbanes-Oxley Act (sox Act) of 2002.
MEMORANDUM
UNIVERSITY OF PHOENIX
DATE: 03/25/13
TO: Robert Lewandowski
FROM: Erika Portillo
RE: Sarbanes-Oxley Act (SOX Act) of 2002
ARTICLE SYNOPSIS
The Sarbanes-Oxley Act was established in order to provide the financial markets with a restored integrity and a renewal of consumer confidence. The Sarbanes-Oxley Act of 2002 focuses on three main areas in which are as follows: financial auditing, reporting, and corporate governance. This act requires corporations and businesses to construct and put in place an ethics code referred to as the code of ethics for financial officers. The Sarbanes-Oxley Act of 2002 also enforces the check and balances of the codes of ethics to ensure that they are being followed. This act also requires that auditors are in a rotation process regularly to ensure one is not at one place for long periods of time. The author of the article fells that with an audit-firm rotation would aid in controlling unethical behaviors more than just the rotation of the auditors. The author feels that just by changing an auditor within the same organization is not a good enough solution. The author of this article also fells that there is a lack in education within the community of business, and that they do not know how to handle legal and unethical issues within the environment of business.

LEGAL ISSUE
The one legal business issues that is raised in this article is the auditors rotation. The Sarbanes-Oxley of 2001 requires that there is an every five years, but the act itself is five years old. When auditors are rotated through the same firm it is generally the practice of the new auditor to continue

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Sarbanes-Oxley Act And Article Review. (July 12, 2021). Retrieved from https://www.freeessays.education/sarbanes-oxley-act-and-article-review-essay/