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Help me study for my Accounting class. I’m stuck and don’t understand.
Prompt: Reflect on the impact of fraud, specifically the regulatory acts, the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which have been put into place due to the many fraud cases in the early 2000s.
In addition, use your knowledge of how the above regulations impacted the field and discuss how the outcome of the Crisis at the Mill: Weaving an Indian Turnaround case study has affected the field of accounting and auditing in the future. The following items affect both the understanding of and reasons for fraud and will help guide you as you complete your project.
https://www.sec.gov/answers/about-lawsshtml.html#s...
I. Impact of Fraud: Explain the impact of fraud on society.
II. Regulatory Acts
A. Sarbanes-Oxley Act of 2002: Explain the act and what caused this act to be passed by the U.S. legislature.
B. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010: Explain the act and what caused this act to be passed by the U.S. legislature.
III. Impact on Accounting and Auditing: Examine the impacts of the outcome in the Crisis at the Mill: Weaving an Indian Turnaround case study on the field of accounting and auditing.
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