It is entitled the "Sarbanes-Oxley Act of 2002," and now as we approach the middle of 2004 I am still waiting for it to really kick in. I expect it still might take a couple of years for that to happen.
Why do I say this? Well, the regulations requiring SEC approval are just beginning to come out from the PCAOB, and compliance with the internal control requirements of Sarbanes-Oxley was delayed. Add on to that the fact that SEC fines are still being imposed on corporations and auditors for financial statement miscues plus auditor lapses for pre-Sarbanes-Oxley years.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access