discovered in many
securities firms. Specifically, in many instances, the person/agency who prepared the financial statements for the firm would also verify the accuracy of those statements. Investment bankers and securities analysts of the same firm shared information, and the analysts were paid or pressured by the securities firms to write glowing reports of companies from which the investment bankers of the firm were earning fees. In response to unethical conduct in the securities industry, in 2002 Congress enacted theSarbanes-Oxley Act (SOX).
How did SOX try to prevent these conflicts?
In many situations, the party obligated to perform under a contract may delegate his duty to perform to a third party. However, there are two types of contracts where the obligor may not delegate the duty to perform. Identify the two types of contracts that may not be delegated, and provide an example of each.
I need about 200 words for each question and I need the answer is 1 1/2 hours. I will leave a good tip
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