Discuss the impact of Sarbanes-Oxley on a company’s internal controls. Be sure to define internal controls.

Discuss the impact of Sarbanes-Oxley on a company’s internal controls. Be sure to define internal controls.

The Sarbanes-Oxley Act of 2002 (SOX) was enacted in response to a number of accounting scandals in major corporations that resulted in the loss of billions of investor dollars. Choose one accounting scandal that precipitated this legislation and discuss whether or not internal controls (or lack thereof) contributed to the scandal. Be sure to include an evaluation of how SOX affected internal controls and if post-SOX internal control requirements could have prevented it.

Instructions: Your initial response should be no less than 250 words with at least one scholarly journal reference (dictionary-type websites are excluded). Reply to at least two of your classmates.  Replies to classmates should be a minimum of 100 words and include direct questions. In-text citations and references must be in APA format. Refer to the Forum Grading Rubric below for additional guidelines
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