Assignment: Discussion—Sarbanes-Oxley Act
Respond to the following question:
- How do unethical accounting practices affect internal and external stakeholders? Cite at least one regulation to present the legal perspective.
The Sarbanes-Oxley Act contains ten titles or sections.
- Summarize the major reform principles of any three titles.
- Select one major corporation failure from the past ten years, and analyze how it could have been avoided if the principles of Sarbanes-Oxley would have been followed.