Problem: In part, many corporate scandals center on misleading or inaccurate financial statements (Enron, WorldComm, Global Crossing, and Tycho are examples from 2002 mentioned in Chapter). Also, the financial crisis in 2007-08 period included corporate failures in the financial sector and enormous losses for investors. With that said ......
Problem 1: How do firms manage to mislead investors?
Problem 2: Do you feel reforms already enacted (like Sarbanes-Oxley or more recent reforms after the financial crisis) have or will make a major difference explain why?
Problem 3: Do you think additional legal or regulatory actions are needed?
Your response should be 300 to 400 words or less and include sources cited in APA.