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Research the Sarbanes-Oxley Act and read about the debate th

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Research the Sarbanes-Oxley Act and read about the debate that led up to its passage.

Based on your research:

a. Is there consensus on whether Sarbanes is good law?
b. What did you read about those who have influenced accounting regulation in the past?
c. Can you name the important players in accounting regulation before Sarbanes? After Sarbanes? What has changed?

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Solution Summary

Research the Sarbanes-Oxley Act and read about the debate that led up to its passage.

Based on your research:

a. Is there consensus on whether Sarbanes is good law?
b. What did you read about those who have influenced accounting regulation in the past?
c. Can you name the important players in accounting regulation before Sarbanes? After Sarbanes? What has changed?

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a. Is there consensus on whether Sarbanes is good law?

It is definitely a good law. The Act, abbreviated SOX, was a knee-jerk reaction the massive accounting scandals that rocked the economy in the early 2000's. SOX makes companies, particularly company executives, accountable for the information contained the company's financial statements. Executives can no longer claim, as they previously did during major scandals, that they ...

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