Finance Changes in Financial Reporting Thesis

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Bush, who declared that corporations which jeopardized the investments and jobs of millions of individuals should pay their dues. The United States Senate and the House of Representatives also became involved and proposed numerous modifications.

The pillar of the changes occurred in financial reporting after the accounting scandals is based on increased transparency and more support in conducting audit operations. The XBRL system for instance will allow the Securities and Exchange Commission to conduct analyses in a more efficient manner.

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All efforts to improve the financial reporting system have been condensed into the Sarbanes-Oxley Act. It represents the most important regulatory act of the past 70 years and it is applicable all around the world; it addresses issues that refer to all players in the corporate reporting chain......

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"Finance Changes In Financial Reporting" (2009, March 13) Retrieved May 17, 2024, from
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