What was the official ruling of the case

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Question - The project is to analyze the effectiveness of the Sarbanes-Oxley Act of 2002. There are many case studies dealing with accounting fraud and scandals that led up to the enactment of Sarbanes-Oxley. Research for accounting fraud and/or scandals that happened after 2010. Find a publicly traded company on either NYSE or NASDAQ that been charged by the SEC for accounting fraud.

1. Introduction to the Case Study. Here introduce the company and the accounting fraud and/or scandal that took place. include details as to the impact of the fraud and/or scandal to investors.

2. SEC Charge and Ruling. Describe about the was the formal charge made by the SEC. What did the SEC say were the facts of the case? What was the official ruling of the case, for example what were the penalties, punishments, and/or remediations made against the company?

3. Did Sarbanes-Oxley impact the Case? After reviewed the SEC ruling:

a. What are the specific rules in SOX that applied to this case? Did  the company's internal controls failed to prevent this fraud and/or scandal from happening, and how so?

b. Or are there no rules in SOX that could have prevented this accounting fraud and/or scandal from happening? What rule/s  were needed to prevent this fraud and/or scandal?

Reference no: EM132960071

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