LEG500 week 10 Discussion 1 and Discussion 2

DISCUSSION 1

"Underlying Causes" Please respond to the following:

Analyze at least three underlying causes for the creation of the Sarbanes-Oxley Act. Next, rank the causes that you have analyzed from the most important to the least important to the creation of the Act. Explain your rationale.

Determine three most important provisions of the Sarbanes-Oxley Act. Provide a scenario or example of each to justify why each provision that you determined is important.

DISCUSSION 2

"Short- and Long- Run Impact" Please respond to the following:

Evaluate the overall effectiveness of the Sarbanes-Oxley Act to date, and determine who has benefitted most from the passage of the act. Provide two specific examples to support your response.

From the e-Activity, analyze how easy or difficult it may be for officers and managers of organizations to stay in strict compliance with SEC rules and for consumers, investors, and regulators to detect errors. Then, determine at least one action that CEOs and boards can take to improve compliance.