With a name like the "Sarbanes-Oxley Act of 2002," you wouldn't expect it to hold your interest from cover to cover. Let me tell you, I couldn't put it down. It reads as a searing indictment of auditors, corporate executives, audit committees, analysts, investment bankers, and standard setters and regulatory bodies like the SEC.
My first impression was the scope, depth, and breadth of the legislation. It provides for an accounting oversight board, auditor independence rules, corporate accounting reform, additional investor protection, and increased criminal and civil penalties for securities violations.
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