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Why Did The Sarbanes Oxley Act Fail

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Why Did The Sarbanes Oxley Act Fail
Sarbanes-Oxley Act
Matthew Greenwell
Professor Eric Weitner
XACC-291
January 23, 2015

In any society there will be people that will do anything to succeed in life which includes breaking the law or even finding loop holes within laws. Now the Sarbanes-Oxley Act is a federal law to try and protect shareholders and the general public from fraudulent practices but in the end it is just a law and all laws can be broken. Some critics have pointed out the “Madoff scandal as a prime example of how the Sarbanes-Oxley Act has failed” (Fuller, 2009). But just because a system fails doesn 't mean you give up or stop it means that you need to perfect the system. So where does the government go from here? Do they make more laws or add more
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