Accounting Scandals Discussion

The objective is to evaluate and apply sound accounting practices. From Enron to Worldcom and several points in between, we have experienced several accounting scandals in recent times.

• Review the following resources.
  • https://www.heritage.org/government-regulation/commentary/accounting-scandals-the-bottom-line
  • https://www.accounting-degree.org/scandals/
  • https://vc.bridgew.edu/cgi/viewcontent.cgi?referer=https://www.google.com/&httpsredir=1&article=1145&context=honors_proj
• In addition to the sources above, conduct research to determine the following:
  1. Does reactive legislation such as, Sarbanes-Oxley (SOX) serve a purpose? Was SOX successful?
  2. Examine and evaluate the pros and cons of legislation such as SOX.
  3. How did SOX impact, small, medium, and large corporations? Why is this important? - - At least 1 source from a scholarly peer-reviewed academic journal.