Accounting fraud took center stage in the early 2000's and the auditing profession took a...

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Accounting

Accounting fraud took center stage in the early 2000's and the auditing profession took a pretty big hit as a result. In order to restore public/investor confidence, Congress passed the Sarbanes-Oxley Public Company Accounting Reform and Investor Protection Act [SOX] in July 2002. Now that SOX has been in place for a number of years, discuss the impact it has made. Has it been too costly for some companies? Has it in fact restored confidence?

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