relevant information they need to make rational buy-sell decisions. The Sarbanes-
Oxley Accounting Practices Act of 2002 makes chief executive officers (CEOs) and
chief financial officers (CFOs) of public companies responsible when their firms
dispense inaccurate or misleading information about the financial condition of the
businesses they manage. Sarbanes-Oxley represents a step toward a more information-
rich and information-reliable financial marketplace, but it is only a step in what is still
a long road to travel.
8. If you needed to gather information for a possible stock or bond purchase,
where would you go to get such information? What are the principal sources to
9. Suppose you wanted to evaluate the financial condition of a business firm.
What major sources exist that could assist you in getting that kind of