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Sarbanes-Oxley Act: Enron and WorldCom

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Discuss the Sarbanes-Oxley Act in wake of the financial reporting misdeeds of Enron and WorldCom. Compare and contrast the two companies, why they were caught, and how policies have changed for companies today. You can use examples of other companies to help in your discussion.

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The Solution discusses the Sarbanes-Oxley Act as it relates to Enron and WorldCom.

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http://www.investopedia.com/terms/s/sarbanesoxleyact.asp

http://abcnews.go.com/Business/story?id=4295223&page=1

the Sarbanes-Oxley Act in wake of the financial reporting misdeeds of Enron and WorldCom

In reference to the description of Sarbanes-Oxley, this Act was created to address the fraudulent activity that occurs in large conglomerates such as Enron and WorldCom. To address the top levels of management and their complicity in some of the largest corporate frauds in history, Sarbanes-Oxley's Section 302 mandates that senior ...

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  • MS, Prairie View A&M University
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