Excerpt from :

...... Particular elements of Sarbanes-Oxley which are of interest to us in the course of a discussion on its provocation may be found in the way that it addresses the abnormalities in corporate accounting which were epidemic in this time. Specifically, according to Section 302 of the act, there is now in place a legal requirement that periodic statutory financial reports are to include certifications that the report does not contain any material untrue statements or material omission or be considered misleading. (SOXLAW, s302) This aspect of the legislation implements a needed degree of accounting oversight, reflexive of one of the core shortcomings allowing for the corruption which was epidemic in the first part of this decade
This is notable as a direct response to the specific nature of such cases as Enron. Indeed, just as Enron had been a symbol for the perceived economic prosperity of the 90s, so too would it become emblematic of the malfeasant underbelly of Americas increasingly unregulated and poorly self-governed corporations. In 2002, allegations came to the surface that the organizations core of executive leaders had misrepresented company earnings, participated in insider-trading and had essentially looted the company of its value......

Need this essay? If it's not quite what you're looking for there are over 50,000 more to search from, so you can find the term paper or essay that meets your needs.