Question: In Chapter 4, we are learning about some famous accounting scandals (like Enron and WorldCom) and Congress' response to these scandals with the passage of
In Chapter 4, we are learning about some famous accounting scandals (like Enron and WorldCom) and Congress' response to these scandals with the passage of the Sarbanes-Oxley Act of 2002. 1. Describe two of what you would consider the most important provisions from the Sarbanes-Oxley Act, explain your choices. 2. Since the passage of the Sarbanes Oxley Act in 2002, there have been many more examples of accounting fraud. Find an example of accounting fraud related to a United States publicly traded company from the last 10 years. Explain what happened and what consequences the company faced. 3. Why do you think we continue to see examples of accounting fraud even with better regulation? Do you think there is (or ever could be) a better solution to prevent future fraud from occurring
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