134. Describe how the characteristics of the financial markets in the 1980s eventually led to the
creation of the Sarbanes-Oxley Act of 2002.
135. Although the Sarbanes-Oxley Act of 2002 applies to public companies, many private business
organizations have been impacted by this legislation, especially if they are suppliers to a public
company. Explain how this external stakeholder relationship can lead to the widespread
application of Section 404 of the Act.