Sarbanes-Oxley Act impacts in the accounting world


Sarbanes-Oxley Act impacts in the accounting world

The Sarbanes-Oxley Act remains a bill considered to help in finance regulation passed in the year 2002 to tackle numerous accounting scandals in firms. The act necessitates more documentation in public companies and restrictions on the tasks obligated to accounting firms. It remains major legislation in the 21st century with a direct impact on financial practice as well as corporate governance. The bill was introduced by Michael Oxley, who was a Republican from Ohio together with Senator Paul Sarbanes known as a Democrat who came from Maryland. The two of them passed two bills although different related to the same challenge of corporation’s auditing liability and monetary fraud problems in corporations. Generally, the Sarbanes-Oxley Act has increased the number of jobs in the accounting field.


Sarbanes introduced the S. 2673 bill as H. R. 3763 done by Representative Oxley. The revelation by WorldCom to the public that the firm in the past had overstated its income by over $72 billion dollars made the house together with the Senate to establish a conference committee. The objective was to merge the two bills to create a stronger one (Green, 2004). It was later approved by the conference committee and given the name Sarbanes-Oxley Act of 2002, it was signed into law by President Bush and became law.

The Act has affected nonprofit accounting careers in that they make use of public companies as examples in the establishment of financial control systems. This is because management tends to consider the controls as the finest business practices. Although, nonprofits organizations are not officially obligated to give similar information like public companies in financial reports they have responsibilities to the public, donors, and clients. Nonprofits need to apply the disclosure requirements found in the Sarbanes-Oxley Act as their guideline (the United States, 2002). At the same time, additional disclosure requirements have increased the number of accounts to be hired by nonprofit companies.

            It is obvious that an audit firm needs to change the lead as well as reviewing partners after every five years in auditing. The simplest mechanism to ensure the task is undertaken is changing the auditing firm after five years with the firms following the practice as highlighted in the act find themselves switching accounting firms often. The situation tends to reduce the number of available businesses to established companies and offer more business to accounting firms, which are not well known in the accounting world (Pain & Karmakar, 2007).

The Act has led to increasing of the audit services costs to public companies as they are forced to employ additional external auditors in the evaluation of their financial statements. At the same time, they have to hire more internal staff to verify the existing records’ accuracy. The costs of internal audit work have increased as well as the external audit service after the establishment of the act.


Conversely, internal control documentation remains a key additional expense, which the Sarbanes-Oxley necessitates, as accountants have to report on the efficiency of a public firm’s internal controls. This means accountants have to write manuals as well as other documents to help financial professionals understand the firm’s internal control system. This means that accountants with strong writing skills are required to write the documents, which has seen their numbers go up in the auditing world.

Many smaller firms lack the accounting staff to perform a proper Sarbanes-Oxley process of the documentation process. The situation has forced many of them to hire external accounting firms and consultants to help with Sarbanes-Oxley implementation requirements. On the other hand, several public companies have bought additional training for accounting staff and tend to give them additional work for those teaching in the field. It is evident that the act has led to an increase in job opportunities in the accounting field with much-qualified personnel getting a chance to be employed.



Green, S. (2004). Manager’s guide to the Sarbanes-Oxley Act: Improving internal controls to prevent fraud. Hoboken, N.J: Wiley.

Pain, A. K., & Karmakar, N. (2007). Corporate Governance and Sarbanes Oxley Act: An introduction. Hyderabad, India: Ifai University Press.

The United States. (2002). Sarbanes-Oxley Act in perspective. St. Paul, Minn.: Thomson West.



Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently

Online Academic Help With Different Subjects


Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.


Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!


While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.


Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.


In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.


Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.


We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!


We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.


Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essaysmile and order essay PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

order custom essay paper