The Sarbanes Oxley Act of 2002
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Recent papers in The Sarbanes Oxley Act of 2002
In 2002, U.S. Congress passed the Sarbanes-Oxley Act (SOX) to strengthen corporate governance and restore investor confidence. The act’s most important provision, §404, requires management and independent auditors to evaluate annually a... more
Hervormingen met betrekking tot de auditsector hebben altijd veel stof doen opwaaien. Na een jarenlang proces is het nu zover: de EU verplicht kantoorrotatie. In dit artikel vergelijken we de Europese en de Amerikaanse regelgeving inzake... more
Google is a highly regarded global computer services company that has been awarded for its ethical behavior. This paper explores how the company has responded to challenges it has faced at times in recent years when it has come under... more
ABD’de meydana gelen Enron, Worldcom ve Xerox gibi büyük şirketlerin finansal skandallarından sonra 2002 yılında yürürlüğe giren Sarbanes Oxley Kanunu ile özel- likle halka açık şirketlerin denetiminin izlenmesi, denetçi... more
The Sarbanes-Oxley (SOX) is an important set of regulations widely employed mostly by the public sector’s board of management as well as public accounting organizations in the United States.1 This paper looks at the SOX Act in details and... more
Purpose: This study identifies the role of internal control system in good risk management practice with reference to Sarbanes-Oxley (SOX) Act or equivalent Japan-SOX (J-SOX) or Malaysian Code on Corporate Governance, MCCG. Methodology:... more
In September 2011, the European Union Commissioner Michel Barnier explained that there are weaknesses in the way the audit sector works today and the crisis highlighted them . Such weaknesses were not detected for the fi rst time: a few... more
Insider-owned firms pursue U.S. cross-listings following periods of extraordinary performance. However, the long-run post-cross-listing abnormal returns become negative only for insider-controlled cross-listings. We find that the... more
This Chapter, which will appear in The Cambridge Handbook of Investor Protection, ed. Arthur Laby (Cambridge University Press, 2021), argues that there is a strong case for imposing gatekeeping duties on lawyers and reviews the growing... more
“Moody’s Credit Ratings and The Subprime Mortgage Meltdown” reviews the 2008 financial crisis and the impact to homeowners by investment firms, lenders and other market and nonmarket stakeholders. Moody’s CEO, Raymond McDaniel,... more
The Sarbanes Oxley Act of 2002 (SOX) introduced several governance reforms that considerably increased the total risk exposure of CEOs. We examine the effects of these regulatory changes on compensation contracts of CEOs and their effect... more
Accumulating evidence suggests that several recent regulations enacted by Congress and the SEC, including the Sarbanes-Oxley Act, have disproportionately burdened smaller public companies in a negative manner, such that many of these... more
SARBANES OXLEY ACT, Secretary Pompeo states, " Their books are not wide open." This is why we do not get to discovery as when one brings in the Sarbanes Oxley Act the Pandora's box of hidden criminal actions cannot be shut back in. Once... more
The audit function in a corporate model can be a defective tool in monitoring executive management. Arguably, the Sarbanes-Oxley act (SOX) inadvertently has placed auditors in unwanted positions while increasing their independence.... more
Rapid change is quickly transforming the practice of internal audit raising significant issues for audit leaders and their chief stakeholders. As I highlighted in the article “Internal Audit Changing Expectations,” written for the... more
This paper critically assesses recent international developments in corporate governance, other competing factors and variables and the role these dynamics play in achieving corporate governance convergence in the context of the recent... more
“The impact of Sarbanes-Oxley Act on Romanian companies” is an article written for the “Financial Audit” Journal in July 2008. The article evaluates the benefits of the Sarbanes-Oxley Act for shareholders by studying the lobbying... more
Más que el pecado sexual, la deshonestidad y la estafa financiera practicada por líderes de la Iglesia de Cristo en la era moderna han causado más descrédito – y por lo tanto al evangelio – que cualquier otro pecado. La fe del creyente es... more
In September 2011, the European Union Commissioner Michel Barnier explained that there are weaknesses in the way the audit sector works today and the crisis highlighted them. Such weaknesses were not detected for the first time: a few... more
We study the organizational impact of internal control systems, by examining 1,593 firms with 15,606 executives over 2002-2010. We find that internal control systems explain a significant amount of executive and, in particular, CFO... more