After reading the following listed articles on SOX reporting for this week, provide a critique of SOX. In your opinion, do the benefits of SOX outweigh its Cost?
Legislated Ethics: From Enron to Sarbanes-Oxley, the Impact on Corporate America by Howard Rockness and Joanne Rockness, published in the Journal of Business Ethics.
The Unexpected Benefits of Sarbanes-Oxley by Stephen Wagner and Lee Dittmar, published in the Harvard Business Review.
By attempting the above questions, you are examining SOX and analyzing the improvements the legislation has on internal control practices.
Discussion should incorporate the following elements: (a) Provides a critique of SOX, based upon the readings (b) Evaluates the benefits vs. the cost of implementation and compliance (c) Analyzes the improvements the legislation has on internal control practices (d) Supplies references to outside research material.
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