ETH 321 Week 4 Sarbanes-Oxley and Corporate Governance

ETH 321 Week 4 Sarbanes-Oxley and Corporate Governance Read??Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board? in Ch. 15 of the text. Write?a paper of 700- to 1,050-words in which you answer the following: The Sarbanes-Oxley Act Sec. 101 created the Public Company Accounting?Oversight Board.? The act only stated that the??Board shall be a body corporate, operate as a nonprofit corporation, and have succession until dissolved by?an Act of Congress? (Reed, et al,?2013). However, the act did not state who should make up the members of the Board.? If auditing of financial statements is required for the protection of public investors, should all?members of the?PCAOB be taken from the investment community that uses audited financial statements or is there another suggestion for selecting members of the Board? Why or why not?? Explain. How does the decision in this case impact the validity of the Board and other provisions of the Sarbanes-Oxley Act? Cite?at least 3 peer-reviewed sources. Format?your paper consistent with APA guidelines (refer to the?Resources?section below for tools for proper formatting). ? ? .Answer Preview All PCAOB (Public Company Accounting Oversight Board) members should take from the investment community that uses audited financial statements. The PCAOB should do this because accounting activities and tasks including auditing should be kept clean, transparent and conducted while observing integrity (PCAOB, 2013).? This will further enhance fresh financial aspects of a business. APA 788 words ? Related Questions: You are the owner and CEO of group homes that serve those with mental impairments Why is the ethical climate of an organization important? Ethical Responsibility to the Field of Behavior Analysis and Risk Code of Ethics, Roles and Behaviors Accounting 350 Cost Accounting FASB Codification and Careers in Accounting