Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Sarbanes-Oxley Act celebrated its 10th birthday yesterday, a milestone that has triggered a flood of assessments. A Reuters analysis credits the law with strengthening companies’ internal controls on their financial reports and boosting the penalties for executives who commit financial fraud. It points to the initial climb and subsequent decline in the number of companies restating their financials as a sign that Sarbanes-Oxley is working. The article points out, though, that while Sarbanes-Oxley established the Public Company Accounting Oversight Board and increased oversight of the accounting industry, it did not eliminate the conflict of interest inherent in public companies paying the accounting firms that audit their books.


T&R Express

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.