Responses from DQ1 andDQ@ CC and AAw2d2 1 and 2 Assignment

Responses from DQ1 andDQ@ CC and AAw2d2 1 and 2 - Assignment Example It does also not protect junior employees from manipulation by their seniors. The act is therefore more concerned with accurate financial reporting of corporations to the Securities and Exchange Commission. A spot check on the act shows that it only affects external auditors, boards of directors, corporate roles, and the PCAOB in a move to heighten investor confidence in the organizations (Halbert, 2010). It is exceptionally true that corporate employees fear losing their jobs if they decided to talk about illegal activities in their organizations. However, employees have of late been enlightened of their rights incase of unjustified work termination. According to Cox (2009), the Sarbanes-Oxley act (2002) is exceptionally clear on the responsibilities of senior executives regarding their roles in their respective organizations. Of importance to the executive is giving truthful financial information to the Securities and Exchange Commission and this is his or her duty to loyalty towards the organization, and to some extent, duty to care (Harris, 2003). The Sarbanes-Oxley act also protects the corporations from executive malpractices; therefore, external auditors and PCAOB are mandated to check any irregularities that may arise from senior corporate executives. It is therefore very much agreeable that the Sarbanes-Oxley act has helped streamline corporations that are prone to