Main Advantages and Disadvantages of the Sarbanes-Oxley Act The Main Advantages and Disadvantages of the Sarbanes-Oxley Act The Sarbanes-Oxley Act (SOX) was enacted in July 2002, it was meant to restore “the public confidence in corporate financial statements (Jahmani & Dowling, 2008, p. 57). SOX was enacted due to some serious and significant losses suffered by.
The Collapse of EnronThe Collapse of EnronWho were the stakeholders involved in, or affected by, the collapse of Enron?All stakeholders were, obviously, affected by the collapse of Enron. However, several of them were critical, especially those being considered as market stakeholders such as suppliers, creditors, employees, and stockholders. These mentioned stakeholders seem to be Enrons.
