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Going outside of this article and researching the Sarbanes-Oxley Act, I found that it is one of the biggest changes in US security laws since the New Deal in 1930. The act has 11 titles covering Corporate Board responsibilities to criminal penalties. This act established the Public Company Accounting Oversight Board which basically audits public companies for accuracy in accounting along with other things. (Sarbanes-Oxley Act, 2007)
I work for Intel Corporation and being that Intel is a large corporation the importance of good training and ethics in accounting certainly apply here. The possible outcome of an accounting scandal within Intel could damage 100,000 employees which would be devastating to several economies...
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