Some individuals argue that Sarbanes-Oxley is ineffective and of limited use in solving the problems that lead to poor financial reporting quality. Do you agree with this statement or do you think SOX is effective and was necessary? Provide your reasoning.

Answer rating: 100% (QA)

After a prolonged period of corporate scandals eg Enron and Worldcom in the United States from 2000 to 2002 the SarbanesOxley Act SOX was enacted in July 2002 to restore investors confidence in the fi... View the full answer