What Sarbanes-Oxley Will Mean To The Accounting Profession
- Topics:
- Sarbanes Oxley Compliance
- Tags:
- Accounting,
- Sarbanes-Oxley,
- Regulatory Compliance,
- Regulations,
- Policies And Procedures,
- Operational Accounting,
- Human Resources,
- Government,
- Financial Services,
- Financial Accounting,
- ...
- Source:
- Bruce W. Marcus
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Overview: The new regulations imposed by the Sarbanes-Oxley Act created quite an impact on accounting procedure of organizations. However, the failure of self-regulation and lack of real leadership in the professional bodies serving the accounting profession contributed substantially to the conflict between Certified Public Accountants (CPAs) and the higher authority. As a result, a new structure was formed that will not only affect accounting firms but also private companies. The paper examines the impact of the Sarbanes-Oxley Act on accounting profession.
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Format: HTML | Date: Oct 2002 | Pages: 1
