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References (3)
-
Braiotta L.
10.1002/9781119199816 -
Linda Mcdaniel, R. Martin, Laureen Maines (2002)
Evaluating Financial Reporting Quality: The Effects of Financial Expertise vs. Financial LiteracyAccounting review: A quarterly journal of the American Accounting Association, 77
-
Z. Rezaee, K. Olibe, G. Minmier (2003)
Improving corporate governance: the role of audit committee disclosuresManagerial Auditing Journal, 18
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 0307-4358
- DOI
- 10.1108/03074350510769866
- Publisher site
- See Article on Publisher Site
Abstract
The aftermath of the Enron collapse included Congressional legislation known as the Sarbanes‐Oxley Act (SOX), which was rushed into law on July 29, 2002, by President Bush. This legislation, aimed at restoring confidence in the financial markets, addresses many aspects of corporate governance. This article addresses the audit committee provisions of SOX, particularly the requirements for independent membership and financial expertise. The article outlines the legislative requirements and then discusses the possible effects of this ‘patch‐up’. Is it too little too late and how long will the patch last?
Journal
Managerial Finance – Emerald Publishing
Published: Sep 1, 2005
Keywords: Corporate governance; Audit committees; Financial experts; Independence; Sarbanes‐Oxley Act; Enron