Financial Accounting Discussion Question

Financial Accounting Discussion Question

Write a 200- to 350-word response to the capstone discussion question.

  • In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)?

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In the wake of accounting scandals that included Enron and WorldCom, the Sarbanes-Oxley Act (SOX) of 2002 was enacted to prevent any future accounting frauds. The act encouraged the adoption of corporate codes of ethics that specifically required the top management to follow the code of ethics. It created the Public…………..


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