Download Free The Implications Of The Sarbanes Oxley Act For Us Foreign Relations Book in PDF and EPUB Free Download. You can read online The Implications Of The Sarbanes Oxley Act For Us Foreign Relations and write the review.

Abstract: INTRODUCTION: The overlying theme of my research project is investigating the implications of Sarbanes-Oxley (SOX) Act for U.S. foreign relations since its release in 2002. To clarify the focus of this project, I will be concentrating on the requirement under SOX Sections 102 and 106 that stipulate no public accounting firm may issue or prepare an audit report for any public company without registering with the Public Company Accounting Oversight Board (PCAOB). This requirement impacts both U.S. and foreign public accounting firms alike. Furthermore, it has impacted the United States' foreign relations with countries throughout the world and will continue to dominate accounting agenda as the business world diverges away from a strictly domestic perspective into an all-encompassing international affair. RATIONALE: The rationale behind this project is that the PCAOB registration requires all PCAOB registrants to comply with the rules and regulations set forth by the Board regardless of nationality. Consequently, the PCAOB will face a series of obstacles imposing its regulations and subsequent Board actions on foreign firms. This includes enforcing SOX in international jurisdictions, addressing conflicting international accounting standards, political and economic instability, and general backlash toward the United States. The steady decline in foreign companies listing on the U.S. capital market since SOX was released is one example of the economic backlash the U.S. has experienced. METHODOLOGY: My research relies upon documentary analysis conducted on documents collected from trusted academic sources. I examined the congressional hearings on Sarbanes-Oxley prior to its acceptance, PCAOB standards and interpretations, U.S. Department of State releases, and numerous scholarly and academic journals, covering topics in accounting, law, politics and diplomacy. After I collected a sufficient amount of documents, I conducted an in-depth analysis on the source content and extrapolated evidence in support of my investigation. PROPOSED FINDINGS: The strong negative international reaction towards SOX and its implications for foreign accounting firms is a major problem for the U.S. that must be addressed. By requiring foreign registrants' compliance with PCAOB regulations, the U.S. is threatening the sovereignty of foreign nations around the world and tarnishing its image abroad. I believe that the U.S. will need to do one of the following in the near future: 1) Develop a system that evaluates the integrity of foreign oversight systems and accept those nations with an appropriate system as equivalent to the U.S. system, or 2) Work in conjunction with foreign nations to devise an international professional oversight system. Similar to the difficulties faced by the International Accounting Standards Board (IASB), it is unlikely that an international oversight board will be successful. As a result, the PCAOB should work to devise a method to evaluate existing foreign oversight systems and honor those systems when appropriate. If the U.S. does not respond to international concerns over SOX, foreign company membership on the U.S. capital market will continue to decline and the U.S. will isolate itself, suffering politically, economically, and socially.
Sarbanes-Oxley and the New Internal Auditing Rulesthoroughly and clearly explains the Sarbanes-Oxley Act, how itimpacts auditors, and how internal auditing can help with itsrequirements, such as launching an ethics and whistle-blowerprogram or performing effective internal controls reviews under theCOSO framework. With ample coverage of emerging rules that have yetto be issued and other matters subject to change, this bookoutlines fundamental blueprints of the new rules, technologicaldevelopments, and evolving trends that impact internal auditprofessionals. Order your copy today!
"The Sabanes-Oxley Act has been one of the most significant developments in corporate and securities regulation since the New Deal. This collection of important articles would be a valuable resource for anyone seeking to understand Sabanes-Oxley's far-reaching effects on corporate governance in the United States and elsewhere." —Jesse Fried, coauthor of Pay Without Performance: The Unfulfilled Promise of Executive Compensation and Professor of Law at the University of California, Berkeley "The editors have assembled the latest cutting-edge research on international corporate governance by respected academics in this field. In this handbook, the editors deal with all aspects of the significant legislative changes to corporate governance regulation. It introduces the reader to the new rules that will certainly improve the reliability and the accuracy of disclosures made by corporations. The book comes at the right moment with the recent scandals such as Enron, which will educate all readers especially shareholders of corporate stock." —Komlan Sedzro, Professor of Finance, University of Quebec at Montreal "Today, corporate governance is a topic at the center of public policy debate in most industrialized countries. The range of concerns; the variety of approaches; and their tendency to converge in some areas or diverge in others (not always in the right directions) are emphatically demonstrated by these essays. There is material here of enormous interest for scholars of comparative law and economic regulation. And significantly, the presentation of essays from legal, financial, and regulatory viewpoints demonstrates the growing practical as well as theoretical utility of interdisciplinary work in this area. Professors Ali and Gregoriou are to be warmly congratulated for their skill and initiative in assembling an important publication, as well as for their own contributions to interdisciplinary scholarship." —R. P. Austin, BA, LLM (Sydney), DPhil (Oxon), Supreme Court of New South Wales "This very international collection emphasizes the economic line of descent, while including legal and socio-legal contributions. It fills a very important gap in our empirical knowledge of corporate governance. It is accessible and comprehensive and will greatly assist readers from all relevant disciplines, who are trying to discern the shape of corporate governance as a mature field." —Dimity Kingsford Smith, Professor of Law, University of New South Wales
The authors argue that the Sarbanes-Oxley Act of 2002 (SOX) is a colossal failure, yet seek to salvage some lessons from the ruins of SOX.
Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
This unique volume presents policy recommendations designed to promote entrepreneurship. It considers timely issues like impact of securities regulation, educational policy and intellectual property protection on entrepreneurship. In the process, the book addresses policies operating at the individual, national, regional, and international levels, and offers a unique perspective on several institutional structures that enhance entrepreneurship and economic growth.
An indispensable 'how-to' book on dealing with, and preventing, a professional disaster. It teaches the origins of accounting irregularities, how fraud goes undetected, what to do when problems surface, and how to prevent inconsistencies. All relevant material is covered and includes real-world instances of financial fraud. Includes a practical FREE CD-ROM!
Financial Reporting of Environmental Liabilities and Risks is a complete guide to developing the underlying business systems to successfully report environmental matters in audited financial statements and reports filed with the Securities Exchange Commission (SEC). It sets forth relevant reporting and internal control standards and discusses important issues affecting reporting entities, accountants, lawyers, and environmental professionals.