Write a 350- to 700-word articleanalysis in which you identify situations that might lead to unethicalpractices and behavior in accounting. Examine the effect of theSarbanes-Oxley Actof 2002...

Write a 350- to 700-word article analysis in which you identify situations that might lead to
unethical practices and behaviour in accounting. Examine the effect of the Sarbanes-Oxley Act of
2002 on financial statements. Prepare at least one question based on your article analysis for class
discussion. Cite one article from the Electronic Reserve Readings, the Internet, or other resources.
Format your paper consistent with APA guidelines.
Answer Sarbanes – Oxley Act of 2002, is known as “SOX” Act. This act was passed in the year 2002
by the U.S. Congress. This act had brought in reforms for investor protection and public company
accounting and this was enacted in the year July 30, 2012. As per this act, every company, registered
for debt or equity securities with SEC, are fall under compliances of SOX act. All the foreign
companies are forced to follow “SOX” Act who is all registered under Security Exchange Commission.
There are three areas where “SOX” has raised few financial standards. There are the areas where
“SOX” Act has raised concerns like audit work performance, Governance (Corporate) and Analysis of
securities. There are accounting standards which has been raised by “SOX” members. The main
important thing in “SOX” compliance...