ACCT525

Week 1 Assignment

The Case of Phar-Mor Inc

Read “The Case of Phar-Mor Inc.” which can be accessed through the DeVry online library. In

3-4 pages (12-pt type, double-spaced) summarize the case and answer the following questions:

1. Could SOX have prevented the Phar-Mor fraud? How? Which specific sections of SOX?

2. Research the Waste Management scandal from the late 1990’s. Describe the scandal. Could SOX have prevented this scandal?

3. Research the Enron scandal from the early 2000’s. Describe the scandal. Could SOX have prevented this scandal?