Sample Essay on:
Sarbanes-Oxley Investor Protection Act-Implications

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Essay / Research Paper Abstract

A 45 page research paper that explores the development of the this legislation and its historical context; what it means to accountants and IT organizations; how it is projected to develop in the future and, most importantly, how it is expected to eliminate investor risk of another "Enron" type scandal by preventing companies from indulging in certain moral and ethical hazards. In this regard, the writer also place the act within the context of Kantian, utilitarian and virtue ethics. Bibliography lists 24 sources.

Page Count:

45 pages (~225 words per page)

File: D0_khsarox.rtf

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Unformatted sample text from the term paper:

Goelzer, 2002). The impetus behind this legislation was the infamous Enron scandal, which was a disaster for the companys executives, employees, accountants, investment bankers, and defrauded investors (Lucci, 2003). Additionally, subsequent scandals involving corporate malfeasance has been estimated to have cost shareholders roughly $460 billion (Lucci, 2003). The following literature review examines the development of the this legislation and its historical context; what it means to accountants and IT organizations; how it is projected to develop in the future and, most importantly, how it is expected to eliminate investor risk of another "Enron" type scandal by preventing companies from indulging in certain moral and ethical hazards. As this suggests, the principal intent of Sarbanes-Oxley is to restore confidence in the American securities markets (Lucci, 2003). This examination of the issues and ramifications surrounding this legislation also explores the structure of the Sarbanes-Oxley Act within the framework provided by different ethical perspectives. The methodology employed is to summarize and analyze the perspectives of a broad sampling of journal articles published since the passage of the Sarbanes-Oxley Act. Underpinnings of the Issue Historical context (philosophical/social) The last thirty years : Antitrust laws are considered to be the "Magna Carta of free enterprise," protecting consumers against conspiracies and unlawful manipulation of the marketplace by big business (Bittlingmayer, 2002). Catanzaro (2000) accuses President Richard Nixon of using antitrust law as a political weapon. Archival tapes of conversations made by Nixon while in office reveal that when Nixon desires more favorable coverage from the three major TV networks, he used the threat of an antirust suit as a bargaining tool. On a tape released in 2000, Nixon can be heard telling his aide Chuck Colson that "Our gain is more important than the economic gain...Our game here is solely political...As far as ...

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