The Sarbanes-Oxley Act Of 2002 Case Study

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While researching whether or not The Sarbanes–Oxley Act of 2002 (SOX) was the correct decision at the time, there was no lack of information to be found. There are thousands of conflicting articles on both sides of the isle. My thought is, although it has brought to light the need for a higher ethical standard within the accounting industry, to task the government the job of regulating morality simply does not work. The best thing that came out of SOX was the enhanced responsibility placed on the CEO and CFO of larger corporations to personally verify the financial records for the company they represent. Before SOX, Sections 302,404, and 906, a company's CEO and/or CFO could verify the books professional, without being personally responsible.
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