What started the Sarbanes-Oxley Act in 2002?

0 ⤊

What started the Sarbanes-Oxley Act in 2002?

2006-09-21 18:14:05 · 3 answers · asked by Tracy G 1 in Business & Finance ➔ Corporations

3 answers

The law was passed in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, and WorldCom (now MCI).

Editorial comment: So far the main impact of it has been to impose huge cost burdens on smaller public companies and to discouage companies from going public.

2006-09-21 18:19:29 · answer #1 · answered by SDD 7 · 0⤊ 0⤋

Its was a reaction to Enron and other large accounting scandals that occurred around the same time.

2006-09-22 01:16:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋

A few different factors, basically the Enron scandal.

2006-09-22 06:08:55 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋