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Unformatted text preview: sure all the funds are accounted for. Before this act was passed many companies just had one person checking the funds which allowed the unethical people perfect access to their company’s money. I think these provisions have really help the security of companies, but I think the system should continuously change. If the securities do not change every so often then many people who are unethical find was around the rules and regulations. I believe that if they change every few years it makes it harder on the people who are trying to committee these frauds. I do believe that the Sarbanes-Oxley Act of 2002 has been very successful and I think it will stay that way until someone comes along and figures out a way to get around all the provisions. When this happens I believe the security of this act will be broken and new regulations will need to be established....
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This note was uploaded on 03/27/2011 for the course FIN 3410 taught by Professor Jones during the Spring '09 term at U. Memphis.
- Spring '09