Week7 Forum consists of two separate questions. All questions need to be answered with an initial post ofat least 250 words.

(1^stquestion) Discuss the impact of Sarbanes-Oxley on a companys internal controls. Be sure to define internal controls and discuss the basic principles for assessing internal controls.

(2^ndquestion) The Sarbanes-Oxley Act of 2002 (SOX) was enacted in response to a number of accounting scandals in major corporations that resulted in the loss of billions of investor dollars. Choose one accounting scandal that precipitated this legislation and discuss whether or not internal controls (or lack thereof) contributed to the scandal. Be sure to include an evaluation of how SOX affected internal controls and if post-SOX internal control requirements could have prevented it.

Instructions:Your initial response should be no less than 250 words with at least one scholarly journal reference (dictionary-type websites are excluded). In-text citations and references must be in APA format.