The Changing Interaction Of Finance, Information, And Technology

Running head : _The changing interaction of finance , discipline and technology_The changing interaction of finance , information , and technology The changing interaction of finance , information , and technologyIntroductionThe Sarbanes Oxley (SOX ) law was adopted to visit hard discipline in the business celestial sphere specifically the publicly-listed companies . The collapse of a number of corporeal organizations led by Enron , MCI WorldCom , Tyco , Global Crossings or Qwest spawned a critical period of fiscal confusion and market chaos in the public sector .

The ongoing financial crisis is an emerging case in occlusion to explain that things are not well with the financial marketsOver the long time since 2002 , investors , creditors , employees , and the government regulatory agencies needed to conduct closer supervise implement checks and balances , stricter matchs system and define documentation and reporting requirements in the form of compliance system to make sure management does not renege on its agency responsibility with the shareholdersIn extension , at the center stage of the controversies are the external auditors and corporate accountants who , in the midst of corporate failures have apparently been derelict in their duties of safeguarding the interests of third parties . To make matters worse , there is the transparent lukewarm maximization of information technology (IT ) controls that will tally objective and prompt reporting , information controls transparency treated with the ethical standards of conduct in every aspect of operations , as well as overall good boldness practicesIt appears however , that the SOX , in all its stringent detailed IT control provisions remained inadequate in bringing assurance...If you want to land a full essay, order it on our website: Orderessay

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