this homework assignment

Discipline:
– Computer Science

Type of service:
Essay

Spacing:
Double spacing

Paper format:
APA

Number of pages:
2 pages

Number of sources:
4 sources

Paper detalis:

Instructions
The purpose of this homework assignment is to allow you to research theEnron fraud case and the compliance requirements of the Sarbanes-OxleyAct. You are to complete the following components:
 Provide researched information and references documenting yourfindings. Identify elements of fraud and compliance laws that have beendrafted as a result of Enron and other industries.
 Write an executive summary describing the Enron fraud case’s impact and the U.S. government’s reaction to it.
 Complete each section of the lab by following the instructions for the exercises in each section.
You will use a text document to develop your homework assignment by completing the sections listed below:

Lab 1.1a
From your computer workstation, create a new document called SOX Lab 1.Once you have created the document, complete the following exercises,and save your responses as the SOX homework assignment #1.
1. On your local computer, create the lab deliverable files.
o Review the following information about the Enron Corporation:
o Enron Corporation was an energy company that, at one point, was theseventh largest company in the United States and the largest trader ofnatural gas and electricity in the country. Enron started in the mid‘80s and, by the ‘90s, the company was involved with trading andownership in electric, coal, steel, paper, water, and broadbandcapacity. In 2001, Enron filed for bankruptcy, making it the largestbankruptcy in history at the time. An accounting scandal caused thecompany’s collapse. Thousands of Enron’s employees were laid off.Employees lost their life savings because of the loss of the company’sstock. Shareholders lost $11 billion.
2. On your local computer, open a new Internet browser window.
3. Using your favorite search engine, search for more information on the following topics regarding the Enron fraud case:
o early history of the investigation,
o misleading financial accounts,
o accounting scandal of 2001, and
o California’s deregulation and subsequent energy crisis.
4. In your homework assignment, summarize your findings and thedifferences between governance and compliance connected to the Enroncase.

Lab 1.1b
1. Using your favorite search engine, search for more information on thefollowing topics regarding the requirements of Sarbanes-Oxley:
o Incidents that led to passage of SOX Chronology of SOX passage from bill proposal through signing into law
o Pros and cons of Sarbanes-Oxley
o Sarbanes-Oxley Section 302
o Sarbanes-Oxley Section 401
o Sarbanes-Oxley Section 404
o Section 404’s consequences from small businesses
o Sarbanes-Oxley Section 802
o Sarbanes-Oxley Section 1107
2. In your homework assignment, describe the elements of the fraud Enron committed that led to the creation of SOX.
3. In your homework assignment, identify the other U.S. compliance laws that have been drafted as a result of the Enron case.

Lab 1.2
In your homework assignment, write an executive summary describing theimpact of Enron’s fraud case, describe the components of IT assessmentsand IT audits, and the U.S. government’s reaction to it and to otherindustry compliance needs.

NOTE: When you submit your homework assignment, you should combine theassignments into one document for grading. Please clearly mark theanswers for Lab 1.1a, Lab 1.1b, and Lab 1.2 within your submission bylabeling those sections within your assignment.

Please make sure you use 1 of the 3 article PDF’s provided as one of your references.
Thank you,