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LIRA@BC Law

Abstract

Congress passed the Sarbanes-Oxley Act to restore investor confidence, which had been deflated by massive business and audit failures, epitomized by the demise of the Enron Corporation and Arthur Andersen LLP. The Act altered the roles and responsibilities of auditors, corporate officers, audit committee members, as well as other participants in the financial reporting process. We evaluate the potential legal implications of some of the Act’s major provisions and anticipate participants’ likely responses. Our evaluation suggests that these provisions will significantly change behavior, increase compliance costs and alter the legal landscape. We also identify promising avenues for future research in light of the new landscape.

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File nameDate UploadedVisibilityFile size
Accounting_Piece_with_Steve_and_Arnie.pdf
7 Sep 2022
Public
209 kB

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Metadata

  • Subject
    • Accounting Law

    • Commercial Law

    • Economics

    • Securities Law

  • Journal title
    • Research in Accounting Regulation

  • Volume
    • 19

  • Pagination
    • 81-107

  • Date submitted

    7 September 2022

  • Keywords