TITLE

Reaction to Sarbanes-Oxley ... Then and Now

PUB. DATE
July 2012
SOURCE
Financial Executive;Jul2012, Vol. 28 Issue 6, p41
SOURCE TYPE
Academic Journal
DOC. TYPE
Interview
ABSTRACT
An interview is presented with Denny Beresford, former chairman of the Financial Standards Accounting Board (FASB). Beresford states that he was not surprised by any of the features of the U.S. Sarbanes-Oxley corporate finance and accounting law when it was enacted in 2002. He discusses the initial reaction to the law of board of directors of which he was a member. Beresford says that improvements in corporate governance and internal controls are the most positive aspects of the law.
ACCESSION #
77603541

 

Related Articles

  • CATALYSTS FOR CHANGE IN BOARD GOVERNANCE PRACTICES: THE CASE OF THE INTRODUCTION OF NATIONAL POLICY 58 - 201 IN CANADA. Khemakhem, Hanen; Gélinas, Patrice; Baillargeon, Lisa // Journal of Legal, Ethical & Regulatory Issues;2014, Vol. 17 Issue 2, p129 

    This paper investigates the impact of the adoption of National Policy 58-201 in 2005 on board governance practices in Canada. We find that National Policy 58 - 201, which suggests that issuers adopt voluntarily an array of board governance best practices, has improved board governance practices...

  • Filling the Skills Gap. Millage, Anne // Internal Auditor;Jun2008, Vol. 65 Issue 3, p6 

    An introduction to articles published within the issue is presented, including one by Michael Pryal on how internal audit departments are rebalancing their efforts as audit priorities become less dominated by Sarbanes-Oxley compliance activities and another by Gregory Redmond et al on a case...

  • What Departing Directors Need to Know. Wilson, Steve // Risk Management (00355593);Jan/Feb2009, Vol. 56 Issue 1, p54 

    This article discusses the liability of business directors for criminal fraud prosecution under the U.S. Sarbanes-Oxley Act of 2002. The importance of Section 804 of Title VIII — Corporate and Criminal Fraud Accountability is assessed. Issues relating to the assessment of the behavior of...

  • The Sarbanes-Oxley Act of 2002: Has It Brought About Changes in the Boards of Large U. S. Corporations? Valenti, Alix // Journal of Business Ethics;Aug2008, Vol. 81 Issue 2, p401 

    The Sarbanes-Oxley Act of 2002 is considered by many to have made the most sweeping changes affecting corporate governance since the Securities and Exchange Acts of 1933 and 1934. About 4 years after its passing, however, many governance experts question whether the time and expense of...

  • Section 404 Implementation: Is the Gain Worth the Pain? Sinnett, William M.; Heffes, Ellen M. // Financial Executive;May2005, Vol. 21 Issue 4, p30 

    The article focuses on views expressed by various financial executives regarding implementation of the Sarbanes-Oxley Section 404. John B. Morse, vice president-Finance & CFO of Washington Post Co., believes the ultimate interpretation of the Sarbanes-Oxley Act of 2002 by has gone far beyond...

  • How Sarbanes-Oxley Affects Merger Considerations. Falis, Neil D.; Eaton, David M. // Financial Executive;Jun2004, Vol. 20 Issue 4, p44 

    The article discusses ways in which The Sarbanes-Oxley Act could impact companies' merger and acquisition activity, including internal control issues and public company deals for private firms in the U.S. Analyses of corporate governance and public reporting requirements of the Sarbanes-Oxley...

  • SARBANNES-OXLEY, A Decade Later. Sweeney, Paul // Financial Executive;Jul2012, Vol. 28 Issue 6, p38 

    The article examines the U.S. Sarbanes-Oxley Act of 2002, a corporation finance and accounting law. The law's impact on business in the U.S. in the 10 years since its enactment is discussed by lawyers, accountants, and financial executives including Gary Kaburek of Xerox Corp., Todd Bishop of...

  • Most Expect Office, Travel Costs to Rise. Marshall, Jeffrey; Heffes, Ellen M. // Financial Executive;Dec2005, Vol. 21 Issue 10, p12 

    The article discusses the results from a 2004 American Express Co. survey pertaining to business travel and corporate expenditures. More than half of the financial executives surveyed said they planned to spend more on business travel and office supplies in 2005. Executives reported a greater...

  • Restraining Overconfident CEOs through Improved Governance: Evidence from the Sarbanes-Oxley Act. Banerjee, Suman; Humphery-Jenner, Mark; Nanda, Vikram // Review of Financial Studies;Oct2015, Vol. 28 Issue 10, p2812 

    The literature posits that some CEO overconfidence benefits shareholders, though high levels may not. We argue that adequate controls and independent viewpoints provided by an independent board mitigates the costs of CEO overconfidence. We use the concurrent passage of the Sarbanes-Oxley Act and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics