Discussion Question 1 (50 points)

Discuss how questionable accounting practices contributed to the Enron and WorldCom scandals. Address the following issues in your discussion.

  • What role did deregulation play?
  • Explain why Congress quickly enacted SOX. What is the purpose of SOX?
  • Do you believe SOX will prevent similar crimes in the future? Why or why not? Defend your position.
  • in addition, you must appropriately cite all resources used in your response and document them in a bibliography using APA style.
  • A 3-page response is required)