You should answer both - including one of the questions in some depth. Please post your response
Question:
You should answer both - including one of the questions in some depth. Please post your response to each question in a separate post to enhance discussion.
(1st question) Consider SOX in general :
1 - Discuss the impact of SOX on a company's internal controls.
2 - Define internal controls.
3 - Discuss the basic principles for assessing internal controls.
(2nd question) The Sarbanes-Oxley Act of 2002 (SOX) was enacted in response to a number of accounting scandals in major corporations that resulted in the loss of billions of investor dollars.
1 - Choose a public company involved in an accounting scandal that precipitated SOX. Try to NOT pick a company that has already been discussed by a classmate.
2 - Discuss whether internal controls (or lack thereof) contributed to the scandal and if SOX would have made a difference.
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry