In 2006, BusinessWeek magazine (April 17, 2006) carried an opinion piece which questioned the effectiveness of the Sarbanes-Oxley Act of 2002. According to the author, Professor D. Moore, “key business failures that cost investors and employees tens of billions of dollars are all but sure to happen again. The calamitous scandals of Enron and many other companies were possible only because of breaches in a bulwark of our free market system—auditor independence.” Professor Moore states that the Sarbanes-Oxley Act will be ineffective in preventing future corporate scandals because the act fails to address the real underlying problem, namely the lack of auditor objectivity. Do you agree with Professor Moore? If so, why? If not, why not?