In response to the collapse of Enron, Worldcom, and other corporations, the U.S. Congress passed the Sarbanes-Oxley Act of 2002 (often shortened to SOX), which aims at making U.S. corporations more accountable to the public.
The Sarbanes-Oxley Act was enacted in response to a series of high-profile financial scandals that occurred in the early 2000s at companies including Enron, WorldCom.
SOX 404 compliance costs represent a tax on. During the financial crisis of 2007–2010, critics blamed Sarbanes–Oxley for the low number of Initial Public.
The Quarterly Review of Economics and Finance 47 (2007) 651–666 Corporate governance, Sarbanes-Oxley, and small-cap firm performance Lorne N. Switzer∗.
- The European division of a US listed company is used as a case study. The divisional project approach is described, and costs of compliance for this division are.
- 2 Abstract The Sarbanes-Oxley Act of 2002 impacts stock insurance companies because they are required to submit an internal control report with their 10-K starting.