I need some help with answering the following questions concerning the Sarbanes-Oxley Act. Thank you.
When the Sarbanes-Oxley Act passed, it was in the wake of various corporate scandals that hit the business world and challenged the fiscal accountability of public corporations.
Question 1) Describe the main intentions and objectives of the SOX Act, citing and documenting your sources in your reference list.
Question 2) The anticipated impacts and the complexity of the requirements of the Sarbanes-Oxley Act were unknown at that time. How successful do you think Sarbanes-Oxley has been in meeting its objectives?
Question 3) Where do you think it has fallen short?
Question 4) Has there been any unintended impact from this legislation? Please identify and explain specific examples.