Financial implications-sarbanes oxley act

Reference no: EM1358232

Discuss the financial impact of SOX and consider its effect on economic growth and enterprise.

As with the Enron, WorldCom, and other crises of the late 90s and early 2000s, the recent scandals and subsequent mortgage crisis were brought about by companies cheating on their balance sheets. Arguably, this has had a more far-reaching impact than the original scandals that resulted in the passage of Sarbanes-Oxley legislation. With this in mind, how effective is SOX?

Reference no: EM1358232

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