Unformatted text preview: financial statements at year end for individuals. This ensures that the information provided to the public is also provided on the financial statements. The Sarbanes-Oxley requires that the financial statements of corporations are prepared based on the GAAP and is confirmed by a public accountant that is registered. This ensures that ethical practices are taking place within the corporations and on the financial statements. There are also acts that are prohibited and regulated to ensure the most accurate information. Some of these regulations include regulating codes of ethics for company personnel. Corporations providing loans to their executives and altering financial statements are extremely prohibited....
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This note was uploaded on 01/24/2012 for the course ACC 220 ACC 220 taught by Professor Black during the Spring '11 term at University of Phoenix.
- Spring '11