As a result of corporate accounting scandals, such as those ar enrolled and worldcom. The us congress enacted the sardines-oxley act of 2002 (SOX). The purpose of Sox is to restore trust publicly traded corporations, their management, thir finance statements and their auditors. Sox enhances internal control and financial reporting requirements and establishing new regulatory requirement for publicly traded companies and their independent auditors.

Has SOX been successful? How has it impacted managerial accounting? Discuss your points of view