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Ashworth College Lesson 3 Corporate Criminal Liability Discussion

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Discuss how questionable accounting practices contributed to the Enron and WorldCom scandals. Address the following issues in your discussion.

a.What role did deregulation play?

b.Explain why Congress quickly enacted SOX. What is the purpose of SOX?

c.Do you believe SOX will prevent similar crimes in the future? Why or why not? Defend your position.