The Sarbanes-Oxley Act (or SOX Act) is a U.S. federal law that aims to protect investors by making corporate disclosures more reliable and accurate. The financial scandals affected high-profile companies including WorldCom, Enron, Tyco, Adelphia and many others that led to billions of dollars being lost. This eventually resulted into the accounting profession being brought in the limelight as the also contributed to the downfall of massive organizations. Required: Explain the following: a) What role does the Sarbanes-Oxley Act of 2002 play in financial reporting? Analyze the underlying causes for the creation of the Sarbanes-Oxley Act to determine which played the most significant role in the creation of the act. (Total marks 10 marks) b) Explain your rationale. Discuss what underlying causes may have been overlooked when the Sarbanes Oxley Act was created. Provide specific examples to support your response. (Total marks 10 marks