The Study Of Jilin CMCC Developing "Sarbanes-Oxley Act"

From 2001 to 2002, many accountants scandal event has happened such as Enron Event and World Communication Event in the US capital market. These events have attacked the investor seriously to the US capital market confidence. The United States Congress passed"Sarbanes-Oxley Act"in order to cause the US capital market standard, restores investor's confidence and requested all to be listed must observe"Sarbanes-Oxley Act". In order to achieve the goal of becoming to be listed in the US capital market, China Mobile developed the project of deference the act.This article utilizes the theory of project management to study the Jilin subsidiary company of China Mobile how to develop"Sarbanes-Oxley Act"and describe Jilin subsidiary company of China Mobile to carry on the work of"Sarbanes-Oxley Act", such as the preparations before developing Project, confirmation of risk control point.The practice proved that,"Sarbanes-Oxley Act"is not perfect. Although there were many problems in the execution process, the execution"Sarbanes-Oxley Act"indeed may raise the corporate internal control management level and guard risk ability greatly. So we must regard"Sarbanes-Oxley Act"development objectively and dialectically.