Problem Solution: CareNetWest Corporation
DH. Daily
University of Phoenix
MBA 560 Enterprise Risk
September 19, 2006
Abstract
In response to increased concern and awareness of corporate governance, conflicts of
interest and financial reporting, the Sarbanes-Oxley Act (SOX) was signed into law on July 30, 2002 by President Bush. The provisions of SOX affect the operation of public companies in several aspects, including corporate governance, financial disclosure, executive activities and responsibilities, and auditor independence. The most difficult part of Sarbanes-Oxley is Section 404, which is responsible for the greatest portion of compliance. Top executives are now held more accountable for the organization's compliance which means being aware of weaknesses and taking actions to mitigate those weaknesses. CareNetWest is a Medical Services corporation managing 80 hospitals in the western United States. Due to rapid growth and an emphasis on making the company......
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Approximate Word Count: 6333
Approximate Pages: 25 (260 words per double-spaced page) |