1. Enron and the Sarbanes Oxley Act
... recognize some $628 billion in liabilities (Buckstein). By time the executives got caught, the debt had caused the company to file bankruptcy, and thousands of Enron employees lost their jobs and all of their retirement savings (Jickling). Arthur Anderson, Enron's certified accountant, and one of the top accounting firms in the nation was also charged with obstruction of justice (giving a clean opinion to falsified ... of interest. One of the last issues addressed by the Sarbanes Oxley Act deals with business ethics and financial disclosure. SOX now mandated that every company is requir...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate