At the beginning of this millenium several economic scandals like Enron or WorldCom shocked the US economy and the stock exchanges around the world. To restore the trust of the investors the US government enacted the Sarbanes-Oxley Act. This act increased the demands on the financial reporting of companies registered at the US Securities and Exchange Commission. This act possibly changed also the accounting measurement practices that are less conservative in the US than in other countries.
This assignment analysis if the accounting measurement practices changed to a more conservative accounting after the enactment of the Sarbanes-Oxley Act. This analysis is mainly based on section 404 of this act. Beyond that the assignment gives an overview about the Sarbanes-Oxley Act itself and the value of conservative accounting.
Index
List of figures
List of tables
List of abbreviations
1 Introduction
2 The History of SOX
3 Overview about SOX
3.1 Title I - Public company accounting oversight board
3.2 Title II - Auditor independence
3.3 Title III - Corporate Responsibility
3.4 Title IV Enhanced financial disclosures
3.5 Titles V to XI
4 Implications of Section 404
4.1 Content of the internal control report
4.2 The COSO framework
5 Relevance of SOX for conservative accounting
5.1 Overview about conservative accounting
5.2 Analysis of conservative accounting
6 Conclusion
7 List of literature
8 List of world wide web sources
9 Appendix
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X. -
Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X.