Understanding Corporate Responsibility In Accounting †Free Samples

Question: Discuss about the Understanding Corporate Responsibility In Accounting. Answer: Project Management A] The field of research covered is understanding corporate responsibility in accounting and the topic that will be covered is, Does the 2002 Sarbanes-Oxley Act really work to reduce accounting fraud? The Sarbanes-Oxley act is also known as the SOX or Sarbox and became law in 2002 July (Ge, Koester McVay, 2017). The aim was to crack on corporate fraud and was created by the Public Company Accounting Oversight Board in the United States to oversee the accounting sector (Halperin Lai, 2015). Sarbox banned organizational loans to executives and protects whistleblowers (Li, 2014). It holds the CEO of an organization directly responsible for errors that occur during an accounting audit. B] A source of secondary data for the field of research is the journal, Efficacy of The Sarbanes-Oxley Act in Curbing Corporate Fraud. This can be found on https://www.rivier.edu/journal/ROAJ-2005-Fall/J11-ROLF.pdf. Resources, which are available as secondary data, will be used in analysing what research has been done concerning the mentioned topic and what research gaps are yet to be covered (Rolf, 2005). Other sources will also be used to analyse what effect the Sarbanes-Oxley act has had on corporates by looking at the effect it has had on auditing practices, accounting policies and legal actions (Bova, Minutti?Meza, Richardson Vyasl ,2014). It will also look at how the act has affected internal organizational controls. C]Has the Sarbanes-Oxley Accounting Act helped in reducing accounting fraud in organizations D]The search terms, which will be used in google scholar to identify literature in the field of research, are Sarbanes-Oxley Act and Sarbanes-Oxley Act Effects. Studies will be limited to 2002 onwards as that is the year the act was launched. E]The study of the effect of the Sabarnes-Oxley act is very informative and beneficial to researchers and investors as issues, which lead to audit fraud (Chang et al, 2016). An example is the length of managerial tenures, which can be investigated and relevant conclusions made (Asare Abdolmohammadi, 2015). This can assist organizations in handling various management policies in relation to accounting as weak monitoring can also affect customer relationships and their concentration (Kim Luo, 2017). References Asare, K. N., Abdolmohammadi, M. J. (2015). Auditor Tenure and Financial Reporting Fraud: Pre and Post Sarbanes-Oxley Act of 2002.Browser Download This Paper. Bova, F., Minutti?Meza, M., Richardson, G., Vyas, D. (2014). The Sarbanes?Oxley Act and Exit Strategies of Private Firms.Contemporary Accounting Research,31(3), 818-850. Chang, H., Chang, H., Choy, H. H., Choy, H. H. (2016). The effect of the SarbanesOxley Act on firm productivity.Journal of Centrum Cathedra,9(2), 120-142. Dah, M. A., Frye, M. B., Hurst, M. (2014). Board changes and CEO turnover: The unanticipated effects of the SarbanesOxley Act.Journal of Banking Finance,41, 97-108. Ge, W., Koester, A., McVay, S. (2017). Benefits and costs of Sarbanes-Oxley Section 404 (b) exemption: Evidence from small firms internal control disclosures.Journal of Accounting and Economics,63(2), 358-384. Halperin, R., Lai, K. W. (2015). The Relation Between Auditor-Provided Tax Service Fees and Audit Fees After the SarbanesOxley Act: From the Perspective of Cross-Selling of Services.Journal of Accounting, Auditing Finance,30(3), 341-372. Kim, R., Luo, W. (2017). Customer concentration and earnings management: Evidence from the SarbanesOxley Act. Li, X. (2014). The SarbanesOxley act and cross-listed foreign private issuers.Journal of Accounting and Economics,58(1), 21-40. Rolf, C. (2005). Efficacy of the Sarbanes-Oxley Act in Curbing Corporate Fraud. Rivier College Online Academic Journal, 1 (1), 1-16. Willits, S. D., Nicholls, C. (2014). Is the Sarbanes-Oxley Act Working?The CPA Journal,84(4), 38.