The importantce of SOX law and its ethical influence

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  • 16 Mar, 2021
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The importantce of SOX law and its ethical influence

Prepare a paper in which you address the following:
• Identify and explain the key ethical components of SOX.
• Explain why financial fraud and abuse still occurs despite the passage of SOX.
• Recommend potential improvements of the SOX legislation based on your research.
• Recommend measures, beyond the scope of SOX, that organizations can implement to prevent financial statement fraud and abuse.

Support your paper with a minimum of five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 4 pages, No tittle ,no abstract pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

Introduction
When it comes to unethical behavior in business, the main questions persist to why the financial fraud and abuse reoccurs insist in spite of the approval of the Sox legislation? This weeks’ assignment mission is to perform a research to identify and explain the significant of Sox, why did it ratify, and how does it affect ethical consequence in the workplace of organizations. What are the suggestions that can be amendment to improve the elements of the Sox regulations? And what are the recommended actions, beyond the scope of SOX, that organizations can consider and execute towards avoiding financial statement fraud and abuse in the financial sector?

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