The Sarbanes-OxleyAct was created to cracks down on corporate fraud. It created a Board to oversee the accounting industry. It banned company loans to executives and gave job protection to whistleblowers.It made the cooperates to be more accountable to the public and thus they could not make internal policies that could have boated the investment returns.In this case you need to come up with outcomes to the capital markets as a result of the cooperates been limited,controlled and regulated by an external body that tend to side with the public.
- What issues do critics cite when discussing why Sarbanes-Oxley has lead to a decline in U.S. capital markets? What is assessment of this topic?