According to Bumiller, (2002), the Enron saga, which occurred in early 2002, set the stage for several things, which resulted in the SOX legislative process that did little to resolve the uncertainty on the enactment of the legislative reform or what will be the provision of the legislation. The events are categorised into three groups:
Accounting Reform Legislation
2) Briefly explain the three responsibilities of the SEC and three components of SOX.
(a)Responsibilities of S.E.C
(b) Components of SOX
3) Do you feel these were adequate solutions to the situations at the time of their implementation?
Yes, the actions were adequate response to the problem at hand at that time.
Bumiller, E, (2002). “Bush Signs Bill Aimed at Fraud in Corporations“. The New York Times.
Kohn M., & K. Cola pinto, (2004). Whistleblower Law: A Guide to Legal Protections for Corporate Employees. Praeger Publisher
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