Why was the Sarbanes-Oxley Act brought forth and what is the role of accounting in making ethical decisions?© BrainMass Inc. brainmass.com June 4, 2020, 1:15 am ad1c9bdddf
The Sarbanes Oxley Act (SOX) was passed in 2002, and its primary purpose was to enforce the accountability aspect of accounting and financial reporting. The Act came into being mainly because of the massive financial scandals that were committed by largo corporations, like Enron and WorldCom.
Since it's passing, the Sarbanes Oxley act was and still is the most ...
This solution provides a discussion on why the Sarbanes-Oxley Act (SOX) was created, and the role it plays in ethical decision making the accounting field. Includes 3 references.