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. ... In simpler terms, this law basically set and enforced all new reporting, auditing, disclosure, and ethics requirements for companies! ...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate