Discuss the implications of the Sarbanes Oxley Act on the accounting profession.

Discuss the implications of the Sarbanes Oxley Act on the accounting profession. Imagine that Congress was concerned about the Act and has asked you to provide your professional accounting opinion on the following issues.How does SOX impact the practice of public accounting?What new requirements are imposed on internal company management?How were Boards of Directors impacted?Were there changes in the way accounting or auditing standards established?Specific requirements are summarized below:Do NOT talk about the history of SOX, I don’t want to see the word Enron.