OMM 640 week 2 assignment - 63085

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Regulatory Measures 

Examine the Federal Sentencing Guidelines for Organizations (FSGO), Sarbanes – Oxley Act (SOX), and the Consumer Financial Protection Bureau (CFPB).

In a three to five page paper excluding title page and reference page(s) complete the following:

Explain the events that led to each of these regulatory measures. Illustrate the impact of these laws on business ethics. Share a specific example from an article or case study that highlights how one or more of these regulatory measures have affected business ethics in an organization.

In your paper, be sure to reference two or more articles from the Ashford University Library or other scholarly resources that discuss legislation intended to reform corporate abuse.

You may also draw information from peer-reviewed journals and industry reports to support your findings.

The written assignments must be formatted in accordance with APA style guidelines as outlined in the Ashford Writing Center.
 
Solution Description

The establishment of Federal Sentencing Guidelines for Organizations (FSGO), Sarbanes – Oxley Act (SOX), and the Consumer Financial Protection Bureau (CFPB) had a major role towards the protection of consumer rights. The establishment of all this law is done in order to have and maintain the business ethics in the environment. The various ethical behaviour and practices in the working environment varies from person to person. The people who are involved in maintaining the financial data of the organization was responsible for all the discrepancy in it. As per the practice of the person, some starts practicing in such a way so that they would not be get tracked while some prepare the fraudulent reports in such a way that any point of legal concern should not exist. This unethical behaviour is basically being practiced by introducing some misleading figures, or funds misuse, by stating lower marginal profit, lower income revenue generated overwhelming the assets value of the organization are some of the types that had a major role in creating fraudulent to the consumer or to the stockholder of the organization.

Having a proper analysis of investopedia.com, it has brought into attention that the various scams that are being done by few of the growing industries like Tyco, WorldCom and Enron. Enron Corporation,

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