According to your text, "As a result of corporate accounting scandals, such as those at Enron and WorldCom, the U.S. Congress enacted the Sarbanes-Oxley Act of 2002 (SOX). The purpose of SOX is to restore trust in publicly traded corporations, their management, their financial statements, and their auditors. SOX enhances internal control and financial reporting requirements and establishes new regulatory requirements for publicly traded companies and their independent auditors.

Has SOX been successful? How has it impacted Managerial Accounting? Discuss your point(s) of view.

Answer rating: 100% (QA)

The impact and success of the SarbanesOxley Act SOX can be viewed from various perspectives In terms of its intended purpose SOX has made significant ... View the full answer