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Many of the regulations you have read about this week were developed from prior actions within
the medical community that warranted changes to be made to protect patients, individuals,
investors, and other stakeholders. The Sarbanes-Oxley (SOX) Act of 2002 was born out of
several accounting scandals at the time. One of these accounting scandals was HealthSouth
Corp., the nation's largest provider of outpatient surgery, diagnostic and rehabilitative healthcare
services at the time (Sec.gov, 2003). Explain the importance of fair and accurate financial
reporting in the healthcare industry

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