Jackson have listed a series of fictitious financials problems, discussed on a period of major financial reporting issues, then triggered to new regulations on SOX (2002), on Dodd-Frank Act (2010). But financial fraud continues to exist and seems it will never stop, does it imply that new law will be never able to catch frauds and not provide deterrence effect on major wrong doing?

Answer rating: 100% (QA)

While financial regulations such as the SarbanesOxley Act SOX of 2002 and the DoddFrank Act of 2010 were implemented to address financial reporting issues and corporate fraud it is important to note t... View the full answer