One of the most significant legislative acts that congress has prepared is the Sabarnes-Oxley Act of 2002 (SOX). The ramification for the public, management and accountant will dramatically impact corporate governance. There is a report of the impact of SOX. Read the case located at http://money.cnn.com/2005/05/13/news/fortune500/wamu_whistleblower/. What are your reactions to this story about whistleblowers? Did SOX go too far? Is it costing too much? Why? Can anyone find other examples of the ramifications of SOX implementation positive and negative© BrainMass Inc. brainmass.com October 10, 2019, 8:25 am ad1c9bdddf
This is a very interesting question because on one hand the shareholder must be protected, and on the other, the company, in this case, Washington Mutual, is the employer. Typically, in times past , it was assumed that the employee would do what they were told without question. I personally feel that people like Theresa Hagman are patriots, in the sense that they are doing their ...
This 365 word discussion solution contains 1 solid reference. The solution answers questions relevant to issues created by the whisleblower who worked for Washington Mutual. It examins the impact of the Sarbarnes-Oxley Act.