Summary Week 7 Assignment ACCT 105.docx Running head: Management and Accountant Views on the Sarbanes-Oxley Act Changes 1 ACCT105 Management and Accountant Views on the Sarbanes-Oxley Act Changes ACCT105 Management and Accountant Views on the Sarbanes-

Week 7 Assignment ACCT Running head: Management and Accountant Views on the Sarbanes-Oxley Act Changes 1 ACCT105 Management and Accountant Views on the Sarbanes-Oxley Act Changes ACCT105 Management and Accountant Views on the Sarbanes-Oxley Act Changes On July 25, 2002 Congress passed a federal law known as the Sarbanes-Oxley Act. This legislation was designed to fix auditing of U.S. public companies (Coates, 2007). The goal was to protect shareholders, investors, employees, and the public from corporations whose financial reports were fraudulent. It was due to several corporate scandals in the United States that led to the enactment of the Sarbanes-Oxley Act (SOX). In the beginning, it was clear that there would be a division of opinions on whether or not SOX was necessary. Accountants and Managers have different roles in businesses, and managers specifically were feeling the burden of SOX. In this es