Sarbanes-Oxley Act

( Discussion question)

• Based on your study and analysis of the financial reporting  requirements for companies listed on a public stock exchange as outlined  in the Sarbanes-Oxley Act (see Student Guide to the Sarbanes-Oxley  Act):
  • Evaluate the adequacy of the financial reports and disclosures. In  your assessment, assume the perspective of at least two different  financial stakeholders.
  • Explain how the financial reporting requirements benefit the  specific stakeholders and identify any gaps or opportunities to improve  the integrity of external financial reporting.