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The Sarbanes-Oxley Act (SOX) and Ethical Behavior

The Sarbanes-Oxley Act (SOX).

Address the following:

Consider whether the implementation of the Sarbanes-Oxley Act supports ethical behavior. Specifically, address Title 3 of SOX and whether you think SOX worked for financial institutions in the recent financial crisis.

Do you think regulations work to maintain an ethical environment, or do you think people are the central drivers of creating ethical cultures? Explain.

Solution Preview

Consider whether the implementation of the Sarbanes-Oxley Act supports ethical behavior. Specifically, address Title 3 of SOX and whether you think SOX worked for financial institutions in the recent financial crisis.

- SOX definitely supports ethical behavior. SOX basically started as a knee-jerk reaction to the accounting scandals that took place in the early 2000's. Investors, the public, internal and external stakeholders, and ...

Solution Summary

Whether the Sarbones-Oxley Act supports ethical behavior is discusses in this 282 word solution with references, specifically applied to financial institutions. Opinion regarding whether regulations or people are the drivers of ethical environments is also provided.

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