Disclosure Committees Becoming Widespread

Marshall, Jeffrey; Heffes, Ellen M.
November 2003
Financial Executive;Nov2003, Vol. 19 Issue 8, p12
Academic Journal
This article focuses on some of the key issues concerning disclosure committees in corporate governance. The author provides the results of a survey on the formation of disclosure committees conducted by Protiviti Inc. and notes the high percentage of large companies that barred external auditors from performing non-audit services. The author also discusses some of the financial challenges companies are facing due to the implementation of and the necessary compliance with, the Sarbanes-Oxley Act. The regulation largely deals with the auditing functions of a company and some Chief Financial Officers have suggested that compliance could cost companies over $1 million.


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