What Did the Sarbanes-Oxley Act Do to Try and Prevent

question 20

Essay

What did the Sarbanes-Oxley Act do to try and prevent additional scandals at corporations?
What more needs to be done to prevent additional scandals among investment bankers?

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Definitions:

Mutually Exclusive

Decisions or projects that, if chosen, prevent the selection of one or more other options.

Present Value

The present value of a future amount of money or series of cash flows, adjusted for a certain return rate.

Payback Method

A capital budgeting technique that calculates the time required to recoup the cost of an investment, using cash flow estimates without considering the time value of money.

Internal Rate

A financial metric, often referring to the internal rate of return (IRR), which is used to evaluate the profitability of potential investments.