1. explain the objective of the sarbanes-oxley act. 2. describe the purpose of section 401. 3. describe section 802 of the sox act. discuss the penalties that wrongdoers can receive for falsifying financial records and audits. 4. are the penalties and fines of the sox act enough to deter the misrepresentation of financial statements and improper audits? explain the rationale for your opinion. 5. explain why federal regulations and oversight are necessary in the accounting industry.
