Benefits and costs of sarbanes-oxley

Reference no: EM13143008

Sarbanes-Oxley was reform legislation designed to reform Corporate abuses of the 1990's and early 2000's. The Legislations places new obligations on corporate governance and on the working of the Audit Committee of Boards of Directors. It certainly has curbed the worse abuses of corporate governance. But there are critics who charge that Sarbanes-Oxley is imposed too many burdens and way too many costs. For one such view, please read: Here it Comes: The Sarbanes-Oxley Backlash, NY Times, April 17, 2005.

What are the benefits and costs of Sarbanes-Oxley? Should Sarbanes-Oxley be reformed? What provisions would you include in a revised Sarbanes-Oxley.

Reference no: EM13143008

Questions Cloud

What is minimum number of digits necessary : When designing a chart of accounts for this business, what is minimum number of digits necessary to represent the general ledger account code, including subsidiary ledgers?

Net realizable of accounts receivable : The company estimates that it will be unable to collect 2% of accounts receivable. The net realizable of accounts receivable on the December 31, 2010 balance sheet will be:

What price should the investor offer : On the basis of this agreement, what price should the investor offer? A normal return on the fair value of net assets in this industry is 15 percent.

Compute the gain or loss on disposal for financial report : Compute the gain or loss on the disposal for financial reporting purposes. Explain how the gain or loss would be reported in the company’s income statement.

Benefits and costs of sarbanes-oxley : What are the benefits and costs of Sarbanes-Oxley? Should Sarbanes-Oxley be reformed? What provisions would you include in a revised Sarbanes-Oxley.

Do a market analysis for the product : Do a market analysis for the product. Each group may carry out some desk research and fieldwork and do a write up on the following details of a product your group have chosen.

Is company violating the accounting principle of consistency : Is the company violating the accounting principle of consistency by using different deprecia-tion methods in its financial statements than in its income tax returns? Explain.

Find probability none disjoint interval contain variables : Determine the probability that none of the 20 disjoint intervals Ij will contain more than one of the random variables X1...X12.

Discuss current professional : Discuss current professional issues that affect clinical mental health counselors (e.g., court ordered clients, core provider status, expert witness testimony, child custody evaluations, access to and practice privileges within managed care systems).

User Account

All Pages