The Influence of Fraud Accounting in the United States

A series of fraud accounting cases in American multinational corporations beginning from December 2001 have brought huge negative affects to the economy in the United States. Hence President Bush and other departments and organizations headed by the congress have responded quickly and formulated aftermath measures with SOX at the core that target fraud accounting cases. These measures are undoubtedly a revision of and our better understanding of former accounting information supervision systems in the United States.