Question: What argument can be made that SOX may not be effective in reducing fraud? Multiple Choice The penalties under Sarbanes - Oxley are especially stringent,

What argument can be made that SOX may not be effective in reducing fraud?
Multiple Choice
The penalties under Sarbanes-Oxley are especially stringent, so it may not be enforced.
Civil and criminal penalties are not effective in preventing financial fraud.
It is not as stringent as international standards.
The SEC has many laws for many years that have not seemed to make much of a difference.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Jon-Jan Restaurants purchased green rice, a special variety of rice, from China for 100,000 renminbi on November 1, 20X8. Payment is due on January 30, 20X9. On November 1, 20X8, the company also...

Q:

1)What argument can be made that SOX may not be effective in reducing fraud? rev: 11_11_2016_QC_CS-67250 a)The penalties under Sarbanes-Oxley are especially stringent, so it may not be enforced...

Q:

What argument can be made that SOX may not be effective in reducing fraud? The penalties under Sarbanes-Oxley are especially stringent, so it may not be enforced Civil and criminal penalties are not...

Q:

After reading the following listed articles on SOX reporting for this week, provide a critique of SOX. In your opinion, do the benefits of SOX outweigh its Cost? Legislated Ethics: From Enron to...

Q:

Analyze the following article: The impact of the Sarbanes Oxley Act on Preventing Financial Statement Fraud, Limitations, and Suggestions,Review of the Literature. The Sarbanes-Oxley Act of 2002, a...

Q:

The Case of Phar-Mor Inc Read "The Case of Phar-Mor Inc." which can be accessed through the. summarize the case and answer the following questions: 1. Could SOX have prevented the Phar-Mor...

Q:

Multiple Choice Questions 1. A manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its production facilities. According to COSO ERM...

Q:

Need Help to solve each solution as follow: A fear of God The worship of one true God who directs our moral and ethical behaviors Act in accordance with the teachings in your religions holy book and...

Q:

File attached...all questions Chapter 1Multiple Choice Questions ___________________________________________________ 1) Examining the interests of stakeholders is probably required for: a. High...

Q:

In Chapter 10 of the text the author refers to the ways in which the prominence of high-profile institutions exacerbates and highlights problems with student debt, athletic and admissions,...

Q:

i need step by step calculations of the problems in the exam. University of Connecticut School of Business Managerial Accounting - Accounting 2101 Exam 2 - F13 - W October 29, 2013 Student:...

Q:

Your router has the following IP address on Ethernet0: 173.18.2.1/23. Which of the following can be valid host IDs on the LAN interface attached to the router? Select one: O a. 173.18.1.198 O b....

Q:

online aggregators are more comprehensive then the home listing service that real agents use. TRUE or FALSE a buyers agent represents the buyer, and the sellers agent represents the broker. TRUE of...

Q:

Write down four database data types. Describe each data type and give an example of a field where it would be a suitable choice.

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....