What is the Sarbanes-Oxley Act?

The Sarbanes-Oxley Act of 2002 is a United States federal law passed in response to the recent major corporate and accounting scandals including those at Enron, Tyco International, and WorldCom (now MCI). These scandals resulted in a decline of public trust in accounting and reporting practices. Named after sponsors Senator Paul Sarbanes (D-Md.) … [Read more...]

Investing in securities is a great way to plan for your financial future. There are a variety of securities available to invest in. But before you invest your money into securities, there are several things you should know about investing in securities, including the laws surrounding securities exchanges, where to go for information about … [Read more...]

Income tax time can be a dreadful season if you are not aware of all of the income tax breaks you can get through income tax deductions. It is important to understand what is tax deductible so that you can get as large of a tax refund as possible. Probably the most well known income tax deduction is the Earned Income Credit. The earned income … [Read more...]

Many people donate to charities in order to take advantage of income tax deductions at the end of the year. However, it is important to understand what charities are eligible for these income tax deductions so that you do not miss out on any income tax deductions that you can take. It is also important to have a knowledge of what documentations … [Read more...]

Forensic accounting financial investigative specialists work with financial information for the purpose of conveying complicated issues in a manner that others can easily understand. While some forensic accountants and forensic accounting specialists are engaged in the public practice of forensic examination, others work in private industry for … [Read more...]

Are you very much interested in accounting? Well, if you are, you should take up accounting education. By doing so, you will gain systematic knowledge about the different practices and skills involved in accountancy and business. What is the meaning of accounting? It is defined as the art of systematic recording and analyzing of financial … [Read more...]

If you think that starting your own business is cakewalk, you’re very wrong. Aside from developing good products and services, you still need to sell them to the market. One of the essential factors in running a business is effectively managing finances. The language of any business, whether big or small, is accounting. The business scene is … [Read more...]

Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters. It encompasses 2 main areas - litigation support, investigation, and dispute resolution. Litigation support represents the factual presentation of economic issues related to existing or pending litigation. In this capacity, … [Read more...]

Are you taking up an accounting course or are you already a graduate of accountancy? It doesn’t really matter whether you’re a student or a full-pledged accountant; you need to have an accounting dictionary with you. You can even treat it like a bible. You see, one can’t possibly memorize all the accounting terms. Students and fresh graduates … [Read more...]

Accountants and auditors help to ensure that the Nation's firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services, including public, management, and government accounting, as well as internal … [Read more...]