Accounting Dsicussion
The Sarbanes-Oxley Act of 2002 came in response to a series of corporate and accounting scandals in the 1990s. According to Kaya and Banerjee (2015), corporate governance gained benefits differently between the time before and after SOX 2002. Explain and discuss some of the impact of SOX corporate governance and audit quality. Discuss the conclusions from the article. Can you provide an example of how Sox 2002 reduced the degree and number of accounting fraud instances in U.S. publicly traded firms?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.
References
Source: Kaya, H. D., & Banerjee, G. (2015). The short-term and long-term impacts of sarbanes-oxley act on independence and compensation of corporate board of directors (Links to an external site.). Journal of Global Business Issues, 9(1), 1-9.
Chapters 9, 10, & 11 in Ethics in Accounting: A Decision-Making Approach
Guénin-Paracini, H., Malsch, B., & Tremblay, M. (2015). On the operational reality of auditors' independence: Lessons from the field. Auditing: A Journal of Practice & Theory, 34(2), 201-236.
Kaya, H. D., & Banerjee, G. (2015). The short-term and long-term impacts of Sarbanes-Oxley Act on independence and compensation of corporate board of directors. Journal of Global Business Issues, 9(1), 1-9.
Roy, M. N., & Saha, S. S. (2016). Relationship of statutory auditors' competence and independence with audit quality. Vilakshan: The XIMB Journal of Management, 13(1), 61-80.
Paunescu, M. (2015). The quality of independent auditors reports - is it room for improvement? Audit Financiar, 13(130), 61-68.
Spillane, D. K. (2015). PCAOB and SEC referrals to the office of professional discipline. CPA Journal, 85(5), 48-53.
Ethicsboard.org (2005). Revised code of ethics - completed.
Klein, G. (2016). Ethics in accounting: A decision-making approach. Hoboken, NJ: John Wiley & Sons, Inc.