8-1 Discussion Article Response As SOX Hits 15, Ethics Fall Short As one of the most important provisions of the Sarbanes-Oxley Act, Section 404 clearly states that upper management should assume responsibility for establishing and maintaining a proper internal control structure. As far as corporations Sarbanes Oxley Act, Section 404 imposes strict requirements on the company's internal control, investors can more accurately understand the company's operations and ensure the reliability of the company's financial reports. The financial operations, internal control processes, decision-making procedures and reporting procedures of listed companies will undoubtedly be more rigorous. At the same time, listed companies will pay a heavy price to comply with the terms, including a large amount of human, financial and time investment, that is, management fees on financial statements. This will affect the company's net profit and earnings per share, which indirectly affects the company's stock price.
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- Fall '15