Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/224328
Authors: 
Boylan, Daniel
Year of Publication: 
2015
Citation: 
[Journal:] Global Business & Finance Review (GBFR) [ISSN:] 2384-1648 [Volume:] 20 [Year:] 2015 [Issue:] 1 [Pages:] 121-126
Abstract: 
The Sarbanes-Oxley Act (SOX) has been in place for over a decade, and the effects of the legislation are widely debated in the business community. The problem to be investigated is the impact of the Act on the disclosure of financial information and the strength of the internal controls a company has in place to determine whether SOX has affected publicly traded companies in the United States. SOX resulted in the creation of the Public Company Accounting Oversight Board and provides for the establishment of audit reporting standards and the investigation, inspection, and enforcement of public accounting firms. The Act has decreased the number of discretionary accruals, addressed the backdating of stock options, addressed material reporting weaknesses, and increased the quality of internal controls. Several significant factors support the assertion that the benefits of SOX outweigh the compliance costs of its implementation.
Subjects: 
Sarbanes-Oxley
SOX
Stock Price
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/4.0/
Document Type: 
Article

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