In the past 20 years there have been major accounting scandals that have impacted many companies resulting in the illustration that the business world cannot be allowed to regulate itself ethically and produced the Sarbanes-Oxley Act. Who were two of the major violators?

Question

Quizplus · Accepted Answer

WorldCom and Enron were two of the major violators that led to the creation of the Sarbanes-Oxley Act, due to their massive accounting scandals.

In the Past 20 Years There Have Been Major Accounting