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Unintended Consequences of SOX Enron, Global Crossing, Tyco, Adelphia and WorldCom became associated with phrases such as lack of independence, subversion of professional responsibilities and financial irregularities. The Sarbanes - Oxley Act of 2002 (SOX) was introduced to restore confidence in the system that is fundamental to our wealth creation. Congress knew what it must do, so Sarbanes- Oxley took the cue. To shore up corporate responsibility they made a law to test internal control sufficiency. (Habbart) According to many this legislation misses its stated purpose. Opposing views describe the Public Company Accounting Oversight Board (PCAOB) as either the "savior of financial reporting and terminator of corporate fraud" or conversely, the "guardian of government interference and the annihilator of the accounting profession." (Raiborn and Schorg, 3) SOX is undeniably unpopular with many suggesting that the negative effects impact both the audit processes and also corporate codes of conduct and even whether companies...

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