week 4 discussion question business in a changing world.docx

week 4 discussion question business in a changing...

This preview shows 1 out of 2 pages.

The Sarbanes-Oxley Act was enacted in response to a series of high-profile financial scandals that occurred in the early 2000’s at companies including Enron, WorldCom and Tyco that rattles investors’ confidence (Sarbanes-Oxley Act/SOX, n.d.). The Sarbanes-Oxley Act better known as SOX, was drafted by U.S. Congressman Paul Sarbanes and Michael Oxley and was put forth to improve corporate governance and accountability (Sarbanes-Oxley/SOX, n.d.). Now, all companies must governed themselves accordingly (Sarbanes-Oxley/SOX, n.d.). I agree that Sarbanes-Oxley/SOX should be repealed. First, the politicians control the SEC (Securities and Exchange Commission) which can lead to an imbalance in the company (Ferrell, Hirt, & Ferrell, 2009). With the politicians controlling the companies, where do the politicians have time to do their jobs? For instance, how can they tell Enron and WorldCom, for example, when they are themselves cannot come to an agreement to pass a simple Bill. Second,
Image of page 1

Subscribe to view the full document.

Image of page 2
You've reached the end of this preview.
  • Spring '16
  • U.S. Securities and Exchange Commission, Ferrell, kind of things, overhaul of all accounting practices

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern