The Sarbanes-Oxley Act

Discuss and debate amongst your classmates the following:

·  The history and reason for passage of the Sarbanes-Oxley Act (SOX).

·  An evaluation and defense(or critique) of the efficacy of SOX.

·  How SOX has impacted:

o    Public companies

o    Managers and officers of public companies

o    Auditors of public companies

o    Tax practitioners

o    Nonprofit and privately owned companies

Submit a 350- to 700-word summary of your discussion. Each team member must submit their own summary, as points for this assignment will be assigned individually.

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