Question: What is the difference between an Interrogation and Interview?
POST ONE (60 points): Respond to the discussion post question.
· Provide a 200 word discussion.
· Do not copy and paste from any source.
· Obtain the material from sources such as journal articles, books, internet, etc…
· Post must be original (i.e. created by you, your thoughts, your understanding of the concepts)
· If a source is used, it must be cited correctly to meet APA standards.
POST TWO (40 points): Each student will then have to make a follow up post. Reply to a fellow student’s post or reply to one of the instructor’s questions.
· Add something substantive to his/her post. Keep the discussion going!
· Provide a 100 word discussion.
· Do not copy and paste from any source.
· Post must be original (i.e. created by you, your thoughts, your understanding of the concepts)
· If a source is used, it must be cited correctly to meet APA standards.
FELLOW STUDENTS POST
Madelca Martinez
What is the Sarbanes-Oxley Act?
The Sarbanes-Oxley Act (SOX) is a federal law passed in 2002 with bipartisan congressional support to improve auditing and public disclosure in response to several accounting scandals in the early 2000s. The law is named after the bill’s sponsors, Senator Paul Sarbanes and Representative Michael Oxley, and is also commonly referred to as SOX. The Act contains eleven sections that impose requirements on all U.S. public company boards of directors and public accounting and management firms. Several provisions of the Act also apply to private companies, such as the willful destruction of evidence to impede a federal investigation. In the early 2000s, accounting scandals at major companies rocked financial markets and called on Congress to increase investor protection. Enron was one of the major companies involved in such accounting scandals, as the company’s stock price fell from $90.75 at its peak in the fall of 2000 to $0.26 when it filed for bankruptcy in 2002. The dramatic drop in stock prices occurred when a whistleblower exposed Enron’s practice of hiding debts and losses using accounting techniques, such as hiding toxic debts and assets from investors and creditors in off-balance sheet special purpose vehicles. This blow to investors, along with similar scandals at major public corporations such as WorldCom and Tyco International, led Congress to strengthen disclosure and audit requirements for public corporations to try to restore investor confidence in the U.S. capital markets by passing the Act in 2002.
Reference:
Colon, Dina (2005) “The Foreign Bank Exemption to the Sarbanes-Oxley Prohibition on Loans to Directors and Officers, “Journal of International Business and Law: Vol. 4: Iss. 1, Article 7
