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Write 400–600 words that respond to the following questions with your thoughts,
Write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. View a list of the top 10 accounting scandals of the past decade using the link below. This will help you to focus on the importance of internal controls and section 404 of the Sarbanes–Oxley Act (SOX). There are several areas of financial fraud and fraudulent financial reporting. Each is different, but a violation is unethical and will create mistrust of the accountants and the accounting profession.
Discuss the misrepresentation of financial information to the public, and answer the following questions:
What statements are key targets for this manipulation, and what accounts found in the statements are the main focus?
How can this fraudulent information be detected? What are the steps to prevent these actions?
What is the importance of SOX section 404 to help with preventing fraud and fraudulent financial reporting?
https://corporatefinanceinstitute.com/resources/knowledge/other/top-accounting-scandals/#:~:text=Accounting%20Scandals%20%E2%80%93%20List%20and%20Overview%201%20Top,out%20of%20Ashburn%2C%20Virginia.%20…%20More%20items…%20
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