The Sarbanes-Oxley (SOX) Act was enacted in 2002 for companies in the private sector as a result of the Enron and other scandals. However, it does not apply to government. Should SOX-like provisions be required for the federal government? Has there been any move in this direction? Why or why not?

Answer rating: 100% (QA)

The SOX was primarily enacted following the Enron and other scandals It basically sought to remove the compliance and audit gaps that may lead to the same kind or scandals in future This is considerin... View the full answer