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Ssa 4588 Op2 Form

Ssa 4588 Op2 Form

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in this video we're going to discuss the sarbanes-oxley Act which was sometimes referred to as Sox so Sox was passed by US Congress in 2002 and it was passed in response to a wave of accounting frauds from companies like worldcom Enron Global Crossing Tyco there was this wave of accounting frauds and we even had one of the five largest accounting firms Arthur Andersen was caught up in all this they were destroying documents they were charged criminally they ended up going out of business as a result of all of this and so sarbanes actually did a number of things first of all I've had new rules for publicly traded companies and their executives they also created a lot of new rules for audit firms and it also resulted in the creation of the PCAOB so I want to talk about each of these in turn because there's a lot going on here so first of all in terms of the rules for companies the CEO and CFO of a company or their principal officers which is usually the CEO and the CFO must sign off and

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