Sarbanes-Oxley Act  
                                                                     BUS 591             

Sarbanes-Oxley Act of 2002 was in acted because of scandals on Wall Street its a controversial law design to reverse the declining public trust in accounting & reporting by major public entities. This law is broad in attempts to establish new standards for public trading companies (Sarbanes-Oxley 2002). Management & accounting firms that oversee practices this includes establishments of Public Company Account Oversight Board. The PCAOB job is to audit the auditors this act also requires a certification of financial reports by a fiduciary position within the company. This means that there is a stamp of...