Topic 6 DQ 2

What were two common traits that were seen in the corporate scandals of 2002, such as Enron and WorldCom?How can a corporation improve its corporate governance and corporate responsibility?Discuss how Sarbanes-Oxley has improved financial reporting by summarizing a portion of the law and why you think that specific requirement has made financial reporting better.

Support your positions and provide citations for all outside sources used to develop and defend your position.

To participate in follow-up discussion, discuss how Sarbanes-Oxley has improved financial reporting by summarizing a portion of the law and why you think that specific requirement has made financial reporting better. Compare your response with a classmate and respectively disagree.

Follow-up discussions to classmates' initial responses should integrate course theories with a practical application of the subject; offer a personal observation or experience; reference real-world examples, current events; or present current research on the topic that encourages further discussion and ongoing dialogue with other students and the instructor in the class.