TITLE

Retarding Recovery

AUTHOR(S)
Forbes, Steve
PUB. DATE
September 2009
SOURCE
Forbes Asia;9/7/2009, Vol. 5 Issue 13, p9
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
In this article the author discusses the proposal of the Treasury Department to crush venture capital forms with burdensome new regulations in the U.S. He states that the proposal is part of the plan of President Barack Obama's administration to reform the financial regulatory system. He also mentions the Sarbanes-Oxley Act and its harmful effect, which was created to prevent corporate fraud and excesses in 2002.
ACCESSION #
44486395

 

Related Articles

  • Housing Crisis Could Snare Robo Bosses. Berry, Kate // Investment Dealers' Digest;10/22/2010, Vol. 76 Issue 39, p8 

    The article reports on the demand of the Treasury Department for servicing executives to ink Sarbanes-Oxley agreements to certify they were abidance with the Making Home Affordable Program in the U.S. Some servicing executives balked at inking personal requirements akin to the Sarbanes-Oxley Act...

  • RESTATEMENTS REPORT.  // Practical Accountant;Jun2008, Vol. 41 Issue 6, p6 

    The article reports on the release of a report "The Changing Nature and Consequences of Public Company Financial Restatements," by the Treasury Department in an effort to encourage capital markets competitiveness in the U.S. The report examines the number of financial restatements before and...

  • After 5 years, it's time to think about changing SOX. Strain, Jame A. // Indianapolis Business Journal;6/25/2007, Vol. 28 Issue 16, p30A 

    The author calls for the revision of the U.S. Sarbanes-Oxley Act (SOX) almost five years after its enactment. The author says that SOX was passed in haste to respond to large-scale securities frauds and market dislocations, causing unintended adverse effects on capital markets and causing high...

  • SEEKING MEANINGFUL NONPROFIT REFORM IN A POST SARBANES-OXLEY WORLD. Johnson, Danné L. // St. Louis University Law Journal;Fall2009, Vol. 54 Issue 1, p187 

    The article discusses the possibilities to strengthen nonprofit organizations by crafting reforms base on ethical and transparent governance proposed in the Sarbanes-Oxley Act. It states that the act, which is raised due to corporation frauds, may strengthen nonprofits due its requirement...

  • Internal control and human resource management: Closing the loop. Schaefer, James; Mousa, Rania // Journal of Legal Issues & Cases in Business;May2013, Vol. 2, p1 

    Internal control continues to be a major emphasis for most organizations. Under Sarbanes-Oxley, publicly traded companies must perform a fraud risk assessment and assess related controls. Smaller organizations and private companies are realizing improvements in effectiveness and efficiency of...

  • Sarbanes- Oxley Act 2002 (SOX) -10 years later. Lenn, Leslie E. // Journal of Legal Issues & Cases in Business;May2013, Vol. 2, p1 

    The Sarbanes-Oxley Act of 2002 is one of the most prominent and controversial pieces of securities legislation in American history. Although no one can doubt the act's intentions, it is subject to debate on the effectiveness of its implementation over the years. This paper will review the...

  • SARBANES OXLEY ACT SECTION 404: Effective Internal Controls or Overriding Internal Controls? Hurley, Diarmuid A.; Boyd, David // Forensic Examiner;Summer2007, Vol. 16 Issue 2, p19 

    The principle objectives of the Sarbanes Oxley Act (SOX) are to minimize the possibility of financial statement fraud in publicly traded corporations and to minimize the possibility of external auditors endorsing falsified financial statements. Implementation of the act has gone well with the...

  • Capital Markets, Trade Is Paulson's Focus. Sraeel, Holly // U.S. Banker;Jan2007, Vol. 117 Issue 1, p8 

    The article focuses on Henry Paulson, the Treasury Secretary of the United States. The author reports that Paulson's main focus is capital markets, trade and investment flows. Plans of Paulson for the development of competitive capital markets overseas are discussed. Comments of Paulson on the...

  • THE INCIDENCE OF FRAUD POST SARBANES OXLEY ACT: A REALITY CHECK. SAKSENA, P. N. // International Journal of Research in Computer Application & Mana;Mar2014, Vol. 4 Issue 3, p2 

    The Sarbanes--Oxley Act (SOX) became law in 2002 after the discovery of significant fraudulent activity on the part of officers of several corporations (Enron, WorldCom, Adelphia, etc.). The goal of the law was to stem the tide of continuing fraudulent behavior, tighten governance and make it...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics