Enron Scandal Et Al Law531 Week 6 Mini Summary
Purpose of Assignment
Corporate fraud has cost businesses and its shareholders millions of dollars and has been the source of legislation and regulations attempting to provide oversight and guidance to corporate boards, executives, and practitioners. Think about how these laws have changed the practices of corporate executives and, in light of the Enron scandal et al., has it been enough?
Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 16 (pp. 364 -368), 22, and 23.
Scenario: The Sarbanes-Oxley Act (SOX) has been in effect since 2002 and has cost businesses millions of dollars in personnel and administrative costs. Your company is in the process of “going public,” has underwritten its Initial Public Offering (IPO), and filed its registration statement with the Securities Exchange Commission. Your current executive team has asked you to create a plan ensuring SOX compliance is followed once you become a publicly traded company.
Review the pertinent sections of The Sarbanes-Oxley Act (SOX) Act. For purposes of this proposal to the board, only concern yourself with the compliance provisions of SOX: Sections 302, 401, 404, 409, and 802.
Create a ‘mini’ Executive summary, Memo (or similarly structured paper, double-spaced) briefly explaining and giving examples of how the new public company will comply with each of those sections. YOU MAY USE BRIEF PASSAGES OR EXCERPTS FROM THE SECTIONS, BUT DO NOT REWRITE THE FULL LANGUAGE OF THE SECTIONS IN YOUR MEMO. The entire summary, or memo, (not including cover/title sheet or references) should be no more than ONE (1) PAGE, (standard page size and fonts, double-spaced).
Cite a minimum of two (2) scholarly references. The primary reference must be the Cheeseman course text. The other reference must be from the University Library.
Format your assignment consistent with APA guidelines, as appropriate.
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