As part of training international accounting firm's new hires you start with the basics of the regulatory requirements in the United States. An understanding of these requirements will be the foundation your new auditors will need to develop and implement audits.
Develop a presentation explaining the following:
1. What were the national events surrounding the implementation of the SEC and SOX?
2. Briefly explain the 3 responsibilities of the SEC and 3 components of SOX.
3. Was this adequate solutions to the situations at the time of their implementation?