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“Compliance” Please respond to the following:
- Examine the Sarbanes–Oxley Act (SOX). In your opinion, determine whether SOX has been able to achieve what it was intended to do and if it has reduced the unethical business practices that led to its enactment. Provide two examples to support your reasoning.
- Evaluate the five essential control components for managers and auditors established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Determine the control that is the most critical for the well-being of any company and explain why.