Will sox act and dodd frank act eliminate financial frauds


Problem 1:  Advanced Auditing Topics:

15 words and reference

I concur the Dodd Frank Act put the U.S. in the right direction. It requires the disclosure of key information including executives dealing and compensation. Also in 2002, to prevent another Enron and Worldcom, Congress enacted the Sarbanes-Oxley Act (SOX Act) which requires all public companies to certify that they have a strong internal control system and all CEOs and CFOs must sign of financial statements. Will the SOX act and the Dodd Frank Act eliminate all of the financial frauds?

Problem 2: Please respond the below statement:

200 words and reference:

Investors are at risk of losing their money whenever they decide to put their money into a company no matter what the financial health of the company is at the time of the investment. Congress has come up with ways to help investors make smart decisions when it comes to choosing where and when to invest their money.

Problem 3: Please respond the below statement:

200 words and reference:

Protecting investors from fraud is one of the most important roles that Congress plays, because when there is fraud in the securities markets and investors lose confidence in the markets this affects the economy as a whole.

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