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In part, many corporate scandals center on misleading or inaccurate financial statements (Enron, WorldComm, Global Crossing, and Tycho are examples from 2002). Also, the financial crisis in 2007-08 period included corporate failures in the financial sector and enormous losses for investors. How do firms manage to mislead investors? Do you feel reforms already enacted (like Sarbanes-Oxley or more recent reforms after the financial crisis) have or will make a major difference? Do you think additional legal or regulatory actions are needed? Your response should be 300 words or less and must be posted on or before October 2,2016.
