1. Enron and the Sarbanes Oxley Act
Although it may seem like these accounting scandals happen all the time, people fail to realize there are huge laws set in place to prevent these type of scandals from happening. One of the largest and most influential of these laws set in place to prevent falsified financial reporting and protect the public is the Sarbanes Oxley Act (SOX), which was implemented immediately after the Enron corporate scandal in 2001. ... As one of the most sweeping amendments to the securities laws since the 1930's, SOX was put in place to restore confidence in the market by increasing corporate accountabi...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate