This topic I found particularly interesting while researching companies that basically forced an act like the Sarbanes-Oxley Act to be created. The company I found interesting was the scandal involving the Tyco company since I recall growing up reading their names on some of my electronics. Tyco started in the 1960's working with the U.S military and then the company grew vigorously during the 1990's while being supervised by Dennis Kozlowski. Kozlowski unfortunately got too greedy and started using the companies checking accounts to fund his luxurious lifestyle while no one was aware(a party for his wife for 2 million dollars!). In the 2000's the Enron scandal occurred which put him at the forefront because he was living so lavishly, questions arose. Kozlowski was being indicted for tax invasion but also was in trouble for doing unethical practice with Mark Schwartz(CFO of Tyco). Now this is very frustrating to read because we put our money into companies blindly and believe they are doing the right thing. But how do we know for sure? Hence why the Sarbanes-Oxley Act is so important to hold companies financially accountable. I wouldn't want to invest in a company that is using their money to fund millions of dollars in a birthday party instead of taking care of their stockholders, employees and management. Financial reports are so important to know where the company is allocating their funds so a stockholder or consumer can decide whether they want to invest in the company or even buy their products.

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