Discussion:
Consider the responsibilities imposed on senior executives by the Sarbanes-Oxley Act. In addition to certifying the accuracy of the financial statements filed with the SEC, executives are responsible for assessing and articulating their internal control procedures for ensuring the accuracy of the documents filed with the Securities and Exchange Commission(SEC).
Convey your thoughts on the following:
The significance of senior executives certifying that all documents filed with the SEC are accurate and thorough
The impact of senior leadership describing their methods for ensuring that their financial statements are accurate
The impact on the investment community if this act were eradication
Offer a different viewpoint regarding Sarbanes-Oxley Act's impact on corporate senior leadership; particularly the impact on the investment community if the act was repealed.