✦ LIBER ✦
Sarbanes-Oxley Act: Was the “one-size-fits-all” approach justified?
✍ Scribed by George Nogler; Inwon Jang
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 188 KB
- Volume
- 22
- Category
- Article
- ISSN
- 1044-8136
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
Does the level of discovered fraud in publicly traded companies justify the “one‐size‐fits‐all” philosophy of the Sarbanes‐Oxley Act? Especially considering the costs to implement Section 404? We know that Congress has made attempts to exempt firms with market capitalization below $75 million. Given the relatively low discovered financial fraud in companies at this level, the authors of this article believe the change may be justified. © 2011 Wiley Periodicals, Inc.