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· The Sarbanes-Oxley (SOX) Act was created with the intent of
improving the quality of accounting, reliability of financial
statements to investors, and providing oversight to accounting
professionals through the creation of a new federal agency,
Public Accounting Company Oversight Board (PACOB).
Create an argument supporting whether SOX achieved these
goals, and whether financial data reported today is more
accurate and reliable than prior to the Act. Provide support
for your rationale.
·
· Assess the impact to the Public Accounting Profession with
the creation of the PACOB and the inability of the profession
to be self-regulated. Indicate your level of support for the
federal regulation of the profession. Provide a rationale for
your response.
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ACC 573 Week 6 DQ 2
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· · Assess the impact to public trust when a publically traded
company restates its financial data, indicating how negative