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The Pros And Cons Of The SOX Act

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The Pros And Cons Of The SOX Act
Several of many crucial accounting scandals were the Enron financial criminal activities caused the company to filed bankruptcy in 2001. Their financial misconduct led to the company being charged and found guilty of illegal accounting practices. These scandals and actions reported many inaccurate information. The problems were not at the lower level, but the top executive levels were the problems. Due to many of these unethical financial activities, the stock financial reporting was inaccurate. The SOX Act was constructed to improve and build on the public trust. The goal is to gain the confidence and restore the integrity of the financial market. The public wanted integrity and honest of the government and the honesty and integrity of corporate

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