Please answer to the following questions in about 2-3 pages double spaced in total. Take a look at the Cohen, Dey and Lis and also Bartov and Cohen studies on pages 26-27. After examining these results, do you find them positive or negative? Why? Do investors have more confidence in the financial statements after SOX? If you agree, explain why. If you disagree, explain why and explain whether you think SOX was unnecessary. What do you think will be the consequences of switching to IFRS? Will that lead to more or less earnings management? Why?