Discussion Post: Intermediate Accounting
Read the article As SOX Hits 15, Ethics Fall Short, which discusses the perceptions and the pros and cons of the Sarbanes-Oxley Act 15 years after its inception. In your initial post, address the following:
1) What implications does Sarbanes-Oxley have for corporations versus for small businesses?
2) Based on your personal and professional goals, what impact might Sarbanes-Oxley and other ethical regulations have on your work?
3) Why is the reliability of financials important, and what steps should be taken to ensure that financials are reliable?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.