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The Impact of The Sarbanes-Oxley Act of 2002: The Perspective of CFOs
| Content Provider | Semantic Scholar |
|---|---|
| Author | Dukes, William P. Bremer, Ronald |
| Copyright Year | 2007 |
| Abstract | A survey that describes the impact of The Sarbanes-Oxley Act of 2002 from the perspective of CFOs of US publicly traded firms is summarized and discussed. The test result suggests that steeper costs of regulatory filings due to the compliance with the Act are the most likely reason for a firm to consider deregistering its shares with the SEC. The results of the survey indicate that some proper corporate governance practices envisioned by the Act were largely in place before its enactment. The very purpose of the Act is to restore and maintain investor confidence after the recent corporate scandals, and the cost of compliance with the Act is ongoing and considerable. The results of the survey should be of interest to individual investors, the investing public, the academic community, as well as policymakers. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.financialdecisionsonline.org/current/PengDukesBremer.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
