The Sarbanes-Oxley Act (SOX) was enacted in the wake of accounting scandals in the early...

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Accounting

The Sarbanes-Oxley Act (SOX) was enacted in the wake of accounting scandals in the early 200s. Examine one (1) of the following white collar crime cases in detail and compare it to SOX:

  • Adelphia
  • Enron
  • Global Crossing
  • Halliburton
  • Qwest
  • Tyco
  • MCI WorldCom
  • Olympus
  • HealthSouth
  • Parmalat
  • AIG
  • Bernard Madoff
Key elements of your paper should include:
A brief background of the company
An overview of the case:
The key actors - Who are they: what are their backgrounds, titles, and roles in the fraud?
What was the fraudulent management activity - What was it? How did it occur? What purpose did it serve?
Who benefited from the fraud?
Sarbanes-Oxley (SOX) During some of these white collar crimes, Sarbanes-Oxley was not in effect at the time.
Had SOX been in place at the time your corporate fraud was occurring, how would it have potentially impacted, or prevented, the fraudulent WCC activity from occurring? Specifically, what sections how do they apply to the case you chose? (Dont skip this portion of the assignment by simply stating that SOX wasnt in place so it could not have had an impact)
If SOX was in place at the time your fraud occurred, why did it fail to stop or prevent the fraudulent WCC activity from occurring? Be specific - What were the relevant sections that were overridden or failed?
What was the resolution of the case, it's current status or the business?

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