Assignment: Sarbanes-Oxley and Corporate Governance Paper
Purpose of Assignment
This assignment requires the students to apply the governance requirements of the Sarbanes-Oxley Act of 2002 to a managerial business setting. Students must analyze specific SOX requirements in terms of a cost versus benefit analysis.
Resources Required
Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board in Ch. 15 of The Legal and Regulatory Environment of Business
Read "Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board" in Ch. 15 of the text.
Write a brief bullet point outline of the the following issue: What are the advantages and disadvantages of taking PCAOB members from the investment community that uses audited financial statements vs. taking them from the non-investment community.