TITLE

Sarbanes-Oxley Report Card Is Mixed

AUTHOR(S)
Sweeney, Paul
PUB. DATE
December 2005
SOURCE
Financial Executive;Dec2005, Vol. 21 Issue 10, p22
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the efficacy of the U.S.' Sarbanes-Oxley Act in controlling corporate fraud. Experts say inappropriate accounting practices and improper financial reporting are still present, both in the form of inaccurate figures and the failure to follow accounting rules. The most profound effect of the legislation appears to be a significant increase in whistle-blowing. According to a 2005 survey nearly 47% U.S. companies have spent $10 million or more to comply with the rules and regulations outlined in the Act. Analysts say there has been incremental progress due to the legislation but that overall the results are inconclusive.
ACCESSION #
19230463

 

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