You researched the Enron fraud case and the SOX compliance laws’s requirements, you supplied references documenting your findings, and in addition you acknowledged totally different compliance authorized pointers which have been drafted on account of Enron and totally different industries. In addition to, you wrote an authorities summary describing the Enron fraud case’s impression and the U.S. authorities’s response to it.
Lab Analysis Questions & Options
1. What half of the SOX compliance laws requires appropriate controls and, subsequently, security controls to ensure the confidentiality and integrity of financial information and recordkeeping inside an IT infrastructure? Make clear the data contained on this half.
2. Who’s Richard Scrushy and why is he associated to SOX?
three. Who, beneath SOX, is legally accountable for certifying and approving the integrity of the company and its financial reporting to the Securities and Change Payment (SEC) and totally different financial organizations?
4. The place would someone go to look out the quarterly and annual experiences for a publicly traded agency?
5. What are a quantity of the jail penalties for falsifying paperwork or masking up information related to financial points and SOX?
6. What’s the hyperlink between SOX compliance laws and data packages security?
7. What sections inside SOX compliance laws pertain to needing appropriate inside controls?
eight. Make clear how the sections inside SOX compliance laws require appropriate security controls as they relate to having inside controls.
9. Why are vice presidents and totally different authorities managers who’re conscious of financial effectivity info thought-about insiders to a publicly traded agency as outlined by the Securities and Change Payment (SEC)?
10. True or false: SOX compliance laws now holds CEOs and CFOs of publicly traded firms accountable for his or her actions as officers in a publicly traded agency.
