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Implications of Jobs Act

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Submitted By Epichumor
Words 6166
Pages 25
Republic of the Philippines
Central Mindanao University
College of Commerce and Accountancy
Accountancy Department

IMPLICATIONS OF SARBANES-OXLEY ACT OF 2002 TO CORPORATIONS

In Partial Fulfillment of the Requirements in Accy 99 Synthesis

Submitted by
Jess Charls P. Mojello

Submitted to:
Ms. Dynnith F. Suaberon, CPA, MBM
Instructor

May 2015
TABLE OF CONTENTS

CHAPTER I Introduction 1 Statement of the Problem 2 Scope and Delimitation of the Study 3 Significance of the Study 3 CHAPTER II REVIEW OF RELATED LITERATURE 4 Background 4 A. The Securities Act of 1933 4 B. The Securities Exchange Act of 1934 4 C. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 5 D. Sarbanes-Oxley Act of 2002 5
Title I – Reopening American Capital Markets to Emerging Growth Companies 6 Title II – Access to Capital for Job Creators 13 CHAPTER III METHODOLOGY 16 Research Design 17 Locale of the Study 17 Data Gathering Procedure 18 Statistical Methods and Analysis Used 18 CHAPTER IV PRESENTATION AND ANALYSIS OF DATA 19 CHAPTER V CONCLUSION AND RECOMMENDATION 29 REFERENCES 31

CHAPTER I Introduction
Several studies have shown a substantial decrease in the number of IPOs and in start-up capital formation in years before the JOBS Act implementation in the global market. Authorities have also observed that for some time the inhospitable environment and overly burdensome regulatory requirements has naturally influenced capital-raising demand and entrepreneurship. The cost of Sarbanes-Oxley compliance; over-regulation brought the Dodd-Frank Wall Street Reform and Consumer Protection Act; lower trading profits for intermediaries resulting from changes in the market place and the lack of research coverage were some of the problems faced by small corporations.

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