In response to corporate malfeasance and failure of the audit firms, the U.S. Congress enacted Sarbanes-Oxley Act of 2002. Discuss how the law impacted corporate America and the audit industry. Give two examples of each. Also discuss if you think there is any room for improvement to promote ethical behaviors and auditor independence.

Answer rating: 100% (QA)

The SarbanesOxley Act of 2002 SOX was enacted in response to corporate scandals such as Enron and WorldCom aiming to enhance corporate governance accountability and transparency Heres how the law impa... View the full answer