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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What gave rise to the Sarbanes-Oxley Act of 2002 (SOX)?

Summary Introduction

To explain: The origin of the Sarbanes-Oxley Act.

Introduction:

Accounting information systems:

It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.

Explanation

The origin of the Sarbanes-Oxley Act:

The Congress of Country UA formulated the act on July 30, 2002. The act was primarily formulated to protect the investors from the likelihood of performing fraudulent actions by the corporations. The act directed strict reforms to improve the financial disclosures and also to prevent the firm from performing accounting fraud...

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