Since the passage of Sarbanes-Oxley few firms have been prosecuted and fewer high level executives have received jail terms proving convincingly that the legislation is flawed.

Question

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The passage of Sarbanes-Oxley Act (SOX) has led to significant changes in corporate governance and accountability, with numerous firms and executives being prosecuted for violations. The effectiveness of SOX is not solely measured by the number of prosecutions or jail terms, but also by its impact on improving corporate practices and reducing fraud.

Since the Passage of Sarbanes-Oxley Few Firms Have Been Prosecuted