The Sarbanes-Oxley Act (also called the Public Company Accounting Reform and Investor Protection Act of 2002) was enacted to address major accounting scandals, such as those at Enron and WorldCom, and to increase investor confidence in financial reporting. Research the Sarbanes-Oxley Act, using the Capella library or the Internet. List your sources and discuss the following:
In your opinion, what are some of the Sarbanes-Oxley Act's major positive points or advantages?
In your opinion, what are some of the Sarbanes-Oxley Act's major negative points or disadvantages?
Do you believe the net overall effect of the Sarbanes-Oxley Act is net advantageous or net disadvantageous? Justify your response.
Might a corporate manager respond differently to your listing of advantages and disadvantages than a shareholder, or potential shareholder? Justify your response.