The article proposed refinements to the U.S. Sarbanes-Oxley Act of 2002 to strengthen the effectiveness and fairness of the investigations of the financial statements and the MD&A (management discussion and analysis), while minimizing costs. Specifically, legislation is advocated to improve...

The article proposed refinements to the U.S. Sarbanes-Oxley Act of 2002 to strengthen the effectiveness and fairness of the investigations of the financial statements and the MD&A (management discussion and analysis), while minimizing costs. Specifically, legislation is advocated to improve...

Increased globalization of the securities markets is the underlying reason for an increased argument that accounting and auditing authorities have a legal basis. The U.S. Sarbanes-Oxley Act of 2002 (SOX) legalized auditing standards by requiring that the PCAOB auditing standards obtain approval...