AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.accessmylibrary.com/coms2/summary_0286-24318436_ITM" title="Facts and information about New financial standards: Sarbanes-Oxley Act has far-reaching impact on financial community.(Selected Topic)">New financial standards: Sarbanes-Oxley Act has far-reaching impact on financial community.(Selected Topic)</a>

Close Set up an RSS feed that alerts you when new articles from Business Credit are available.

Frequently asked questions about RSS feeds

New financial standards: Sarbanes-Oxley Act has far-reaching impact on financial community.(Selected Topic)

Business Credit

| July 01, 2003 | COPYRIGHT 2003 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Sarbanes-Oxley Act of 2002 (Public Law 107-204) is perhaps the most far-reaching legislation affecting the financial services industry since the U.S. securities and exchange laws were passed in the wake of the Stock Market collapse in the early 1930s.

In a single stroke of the pen on July 30, 2002, President George Bush literally rewrote the rules governing financial affairs--creating an independent regulatory structure for the accounting industry, higher standards for corporate governance, and improved transparency of financial reporting. Despite the voluminous legalese, the requirements underscore a simple premise: Good corporate governance and ethical ...

View articles courtesy of your local library

Related articles from newspapers, magazines, journals, and more


Compliance with Sarbanes-Oxley Act creates big fees for Big Four accounting...: Magazine article from: Long Island Business News March 18, 2005 700+ words
...of the world as we knew it on Jan. 1, 2000? That stir created a lot of work for IT staffers. Similarly, the Sarbanes-Oxley Act of 2002, crafted to protect the public and shareholders from fraudulent and erroneous accounting, is giving accountants a...


Still dealing with SOX and staffing.(accounting firms, Sarbanes-Oxley Act): Magazine article from: Accounting Today Korney, Alicia March 20, 2006 700+ words
...the number, size and sophistication of the clients that we have picked up - who are leaving the Big Four and national accounting firms - for fees, service and staff constraint issues," said managing partner David Krajanowski of Los Angeles-based Singer...


In the wake of Sarbanes-Oxley Act, small and midsize cos. turn to Long Island...: Magazine article from: Long Island Business News March 18, 2005 700+ words
...Island accounting are witnessing a phenomenon the likes of which they haven't seen before - at least not until the Sarbanes-Oxley Act of 2002 came along. That legislation is keeping the nation's Big Four plenty busy these days. And that's great news for...


LI accounting firms get audit work thanks to Section 404 of Sarbanes-Oxley Act.: Magazine article from: Long Island Business News January 14, 2005 700+ words
...its roster. But thanks to Section 404 of the Sarbanes-Oxley Act, the Melville-based accounting firm is tip-toeing into...reports they compile concerning internal financial controls. Accounting firms are being brought in to help managers monitor and document...


The trickle-down effect: the passing of the Sarbanes-Oxley Act meant big...: Magazine article from: Inside Business Connelly, Karin April 1, 2007 700+ words
...passage of the Sarbanes-Oxley Act in 2002--one of the most...it forced businesses and accounting firms to establish new and enhanced...in new business for some accounting firms and an increase in demand...the smaller companies. Accounting firms have been quite busy...


IN BRIEF.(News)(accounting firms have shown growth during past two...: Magazine article from: Accounting Today December 15, 2008 700+ words
Firms Grew Strongly Prior to Crisis New York-A large majority of CPA firms reported continuing strong growth during the past two years, according to a new survey by the American Institute of CPAs and the Texas Society of CPAs, but the survey was taken before the financial crisis hit home in recent


Sarbanes-Oxley Act may hinder harmonisation, says AuASB.: News wire article from: Europe Intelligence Wire October 11, 2002 700+ words
...numbers. The Sarbanes-Oxley Act - the law in which the new...this year - also prohibits accounting firms from providing certain types...United States. The Sarbanes-Oxley Act requires foreign accounting firms that audit a US company to...


The Sarbanes-Oxley Act of 2002.: Magazine article from: The National Public Accountant Chakarun, Michael October 1, 2002 700+ words
The Sarbanes-Oxley Act makes sweeping changes...and regulation of accounting firms that audit publicly...imposes new duties on accounting firms that audit publicly...reports of registered accounting firms made by the new oversight...


SOX Act, economy have greatest impact on T100.(Business...: Magazine article from: Accounting Today Fineberg, Seth March 15, 2004 700+ words
...effects of the Sarbanes-Oxley Act had the greatest impact...nation's largest accounting firms over the past year...the Sarbanes-Oxley Act, with its current...area when many other accounting firms have backed off...


SOX Act, economy have greatest impact on T100.(Business...: Magazine article from: The Practical Accountant Fineberg, Seth April 1, 2004 700+ words
...effects of the Sarbanes-Oxley Act had the greatest impact...nation's largest accounting firms over the past year...the Sarbanes-Oxley Act, with its current...area when many other accounting firms have backed off...

For more facts and information, see all results

Source: HighBeam Research, New financial standards: Sarbanes-Oxley Act has far-reaching impact...