Discuss the corporate scandals that occurred before the enactment of SOX Act and how those scandals could have been avoided if SOX was in place. The second phase of your analysis should discuss the corporate scandals occurred after the enactment of SOX Act clearly highlighting why Sox could not act as a deterrent to the scandals. Do you think there are any gaps in the act or the factors that led to the scandal are just beyond the purview of the SOX Act.

Answer rating: 100% (QA)

Corporate Scandals Before SOX Act Examples Enron 2001 Inflated profits and concealed debts through complex accounting methods Executives engaged in in... View the full answer