Question: I need help to answer. In what way do the rules and regulations shown in this table impact your role at work or as a

I need help to answer. In what way do the rules

I need help to answer. In what way do the rules and regulations shown in this table impact your role at work or as a student? Which is the significant? Why?

orate and II Governance TABLE 5-1 Partial list of rules, regulations, and standards with which United States IT organizations must comply (continued) Act Intent Sarbanes-Oxley Protect the interests of investors and consumers by requiring that the annual reports of public companies include an evaluation of the effectiveness of internal control over financial reporting; requires that the company's CEO and CFO attest to, and report on, this assessment USA PATRIOT Act This wide-ranging act has many facets; one portion of the Act relating to IT compliance is called the Financial Anti-Terrorism Act and is designed to combat the financing of terrorism through money laundering and other financial crimes The Sarbanes-Oxley Act (discussed in Chapter 1) was passed in the United States to hold senior management accountable for the integrity of their organization's financial data and internal controls. The intent of the act is to ensure that internal controls are in place to govern the creation and documentation of financial statements. Section 404 of the act requires a signed statement by the CEO and CFO attesting that the information in any of their firm's SEC filings is accurate, with stiff penalties for false attestation. Several other countries have passed laws similar to the Sarbanes-Oxley Act as shown in Table 5-2

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