In the Phar-Mor case, we can see many instances that would’ve been brought in the open by the SOX titles, and I will investigate them. Ways the SOX could have prevented the Phar-Mor …show more content…
This is due to the fact that SOX regulations require a change in partner every five years (Williams, 2011). SOX would’ve also prevented the hire of Patrick Finn, Stanley Sherelstein, and Jeffrey Walley because of their recent employment at Coopers. This gave them inside knowledge of how the company was going to be audited, even before the audit would begin. While SOX includes codes of ethics in regards to management, we can safely say “the code of ethics for senior officials, would’ve been ignored” ( Williams,