Research Paper
Undergraduate
Improvements in Integrity, Financial Accountability, Ethical Conduct
The Enron scandal in 2001 resulted in the passage of the Sarbanes-Oxley Act of 2002, designed to improve financial accounting practices in the United States. Despite this and other reforms, a number of other high-profile scandals followed including Lehman Brothers in 2008. To determine what effect these measures have had on the financial accounting culture, this paper provides a review of the relevant literature followed by a summary of the Sarbanes-Oxley Act of 2002 and important findings in the conclusion.