Problem:
One of the most significant legislative acts that congress has prepared is the Sabarnes-Oxley Act of 2002 (SOX). The ramification for the public, management and accountant will dramatically impact corporate governance. There is a report of the impact of SOX. Read the case located at
https://money.cnn.com/2005/05/13/news/fortune500/wamu_whistleblower/.
What are your reactions to this story about whistleblowers? Did SOX go too far? Is it costing too much? Why? Can anyone find other examples of the ramifications of SOX implementation positive and negative