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Maryann went to meet her hair stylist, Candy. Maryann who had black, curly hair, requested straight, blond hair. Candy told her that she could create that change, however there would be significant upkeep involved. Candy made the change however Maryann did not do the upkeep required. She as well falsely claimed that Candy did not do what Maryann asked her to do that Candy lied to her and that Candy was professionally incompetent. Maryann made the statements to friends of hers. She as well wrote an editorial in her college newspaper to the effect that Candy's shop must be avoided at all costs because Candy was incompetent. Actually Candy was a good hair stylist and enjoyed a good reputation up until the time that Maryann started her criticism. Candy threatened to litigate Maryann for defamation, however Maryann told Candy that Candy could not prevail for the reason that Candy could not prove loss of income. Candy had to confess that while her reputation had been damaged slightly the damage was primarily among the college population. Her income kept increasing from other segments of the community and she had suffered no net loss.
As far as the statements made to her friends are concerned which of the following is true in regards to Maryann's statement that Candy can't recover because Candy has not suffered a loss of income?
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Explain and Discuss what underlying causes may have been overlooked when the Sarbanes-Oxley Act was created and Provide specific examples to support your response.
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