One identifiable situation is when organizations earn more than excepted, yet, unethically will not report their actual earnings. This is were Sarbanes-Oxley Act compliance plays its role within the auditing of financial records. Has it made a difference, yes it has as now it is a mandated statue that all organization preform auditing practices based on the SOX content and historical incidents, such as Enron's financial scandl.
15 Million Students Helped!
Sign up to view the full answer