Summary
THE Sarbanes Oxley legislation with its enhanced emphasis on the adequacy financial controls in quoted companies was passed in the United States as part of the stable door-closing exercise following the collapse of Enron.
Its demands are onerous and there have been many surveys showing how ill-prepared companies are to handle the work, cope with the cost and meet the deadlines. But until now there has been no examination of what the capital markets make of all this effort.See the full content of this document
Extract
How Sarbanes Oxley Falls Short ; City Comment
In a survey published today, accountants PricewaterhouseCoopers sought to find out if the legislat ion is indeed meeting its fundamental objective of making investors feel more comfortable.
What it fo...See the full content of this document
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