Fraudulent financial reporting

Question 1: You must write a 250 response to the assigned question.

There are two diagrams illustrating how SOX required corporations to change their corporate structure. (1) What was the change? (2) What was the purpose of the change? (3) Do you think it will help reduce fraudulent financial reporting? (4)Why or why not?

Question 2: You must write a 250 response to the assigned question.

What is “information asymmetry” in agency theory? In your opinion, what is the most effective way of reducing it?