One of the objectives this week will be to examine the accounting scandals in the past that have led to many of today's accounting regulations, explain the role of the Sarbanes-Oxley Act in today's accounting environment, and identify current accounting issues Post-SOX.

Read the article Ethics Evolution in the Era of Sarbanes-Oxley by Balog (2012). The author examines the changes in corporate governance with the approaching 10th anniversary of the U.S. Sarbanes-Oxley Act of 2002. SOX Section 406 requires SEC registrants to report whether they have adopted a written code of ethics covering principal executives, CFOs, accountants, and controllers. Do you think maintaining a culture that emphasizes ethics and compliance is challenging lingering the effects of the financial crisis of 2008-2009?

Reference

Balog, I. (2012). Ethics Evolution in the Era of Sarbanes-Oxley. Pennsylvania CPA Journal, 82(4), 1-2.