n response to the Enron bankruptcy, which was the largest in U.S. history, Congress passed a corporate governance bill, the Sarbanes-Oxley Act of 2002 (SOX Act). This act was passed soon after WorldCom filed for bankruptcy in July 2002a much larger bankruptcy than Enron. For this weeks discussion, find a professional article on one of the following topics common in criticisms of the act:

• Scope
• Costs versus benefits
• Effectiveness in preventing fraud
• Impact on small companies
• Impacts on auditors

For your initial post, discuss the following:

• The basic requirements of SOX and the ramifications of 404 on management and outside auditors
• The authors point of view regarding the criticism you researched