Lemons Into Lemonade: How the Article Review

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This article also explains how government entities will now take more of an effort to enforce those regulations to ensure that such financial digressions and illegal dealings will not take over with the zealousness which they had in the early portion of the twenty-first century. Every business, both domestic and foreign, will now have to endure stricter auditing regulations and answer fully to any misgivings to the government.

Therefore, businesses everywhere should take heed and follow the exact letter of the law. After such blatant disregard of the rules led to enormous scandals, the government is not taking anything lightly. Every business and financial institution will be held accountable for their actions, and therefore each institution's code of ethics will definitely come in handy in order to save that business from any investigation or prosecution for any misconduct.

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After the scandals which the author explains are the reason for this tightening of regulations, the United States passed the Sarbanes-Oxley Act in 2002. This legislation is a real live example of what Eneglen is describing happened in domestic affairs after such horrible scandals such as Adelphia and Enron broke into the press. This act made sure that all public companies answer to the watchdogs of the Public Company Accounting Oversight Board for all audits and ethics practices. This in turn, set an example for other nations on how to regulate accounting and business ethics and therefore ensure that no further scandals will deface to reputation of American or global business practices. This act was a great step in making corporations responsible for their actions and lack of ethics......

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