Analysis Of The Sarbanes-Oxley Act

Submitted By oliver0307
Words: 420
Pages: 2

The Sarbanes-Oxley Act had been approved in the year 2002 and the cause of the approval was in regards to the executives that were in business with the companies were not in working in good face in adhering to the stakeholders and shareholders best interests. Ultimately misrepresenting the company and what it stood for. As to be known there were a few thousand people that lost their entire savings and retirement money to illegal usage of the investments. The people who were trying to confide in these companies lost out on all of their hard work, and it is worrisome to know who is dealing with an individual’s life earnings. One of the topics that have been addressed has been about the Section 404 of the Sarbanes-Oxley Act. It has to do with the confidence of the investors, quality and quantity earnings, and overall control of the investments and the situations that are presented. The trust is vital and critical when having a company and a specific person handling someone’s hard work and dedication. It is imperative that we conduct research in order to determine how much we can trust the investors and not have to worry about the money being spent illegally elsewhere and then left with absolutely nothing. There are plenty of legal issues that affect all types of businesses, but one in particular would most likely be accountability. Large investments can either make or break a person that is looking to potentially make a good amount of money for the long haul when their retirement is imminent. Unfortunately there are a lot of people who lost every bit of what they were working years for in an instant. There should be some type of plan implemented in investigating