week 1finacct

PLEASE Read and answer the discussion using APA FORMAT. Cite at 2 outside scholary authors and the textbook

Please use In-depth responses and cite scholar authors.

1A**** Review the provisions of the Sarbanes-Oxley Act of 2002 to address the accounting scandals in the late 1990s and early 2000s (Enron, WorldCom, etc.). Identify the provisions that you believe made the most significant impact. What other provisions could have been included in the Act to strengthen the responsible stewardship and integrity of the accounting profession? Conversely, what existing provisions in the Act do you believe (if any) are unnecessary or over-regulate the profession?

1B******Summarize the events of a recent accounting scandal. Identify how the illegal or unethical act was detected and describe the punishments that resulted (fines, prison terms, etc.). Consider what could have been done to detect this act earlier or to prevent it from happening in the first place. Select a different example than those listed in previous posts.

Textbook : Williams, J., Bettner, M., & Smith, K. (2023). Financial & Managerial Accounting (eBook with Connect access). New York, NY: McGraw-Hill Education. ISBN: 9781266849985 Or Purchase directly from Saint Leo Bookstore: Williams, J., Bettner, M., & Smith, K. (2023). Financial & Managerial Accounting (eBook wit