Question: What argument can be made that SOX may not be effective in reducing fraud? The penalties under Sarbanes-Oxley are especially stringent, so it may not

What argument can be made that SOX may not be effective in reducing fraud?
The penalties under Sarbanes-Oxley are especially stringent, so it may not be enforced
Civil and criminal penalties are not effective in preventing financial fraud
The SEC has many laws for many years that have not seemed to make much of a difference
It is not as stringent as international standards

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