Sarbanes-Oxley: Did span in financial reporting increase after the Sarbanes-Oxley act?

The overall intent of Sarbanes-Oxley, or SOX, was to protect investors and to make it harder for corporations to get away with financial fraud.

Economic Audit

Yet there is no real evidence that fraud risk or actual fraud has been reduced because of Sarbanes-Oxley, financial reporting by improving audit quality and strengthening corporate governance, by the same token, in accounting under the traditional historical cost paradigm, historical cost is the original nominal monetary value of an economic item.

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