Code of Ethical Standards

Code of Ethical Standards - company's financial statements...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Code of Ethical Standards In response to corporate scandals in 2000 and 2001, the U.S. Congress enacted legislation to help prevent lapses in internal control. This legislation, referred to as the Sarbanes-Oxley Act of 2002 (SOX) . One result of SOX was to clarify top management's responsibility for the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: company's financial statements. In addition, top managers must certify that the company maintains an adequate system of internal controls to safeguard the company's assets and ensure accurate financial reports....
View Full Document

This note was uploaded on 12/25/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

Ask a homework question - tutors are online