 The Sarbanes-Oxley Act and the Production Efficiency of Public Accounting FirmsH. Chang, H. L. Choy, W. W. Cooper and M. -H. Lin Chapter 10 in New Frontiers in Enterprise Risk Management, 2008, pp 145-161 from Springer Abstract: In response to a series of corporate and accounting frauds at high-profile companies such as Enron, WorldCom, Global Crossing, etc, President Bush signed the Sarbanes-Oxley Act (SOX) into law on July 30, 2002. The Act represents the most significant reform of the securities laws since passage of the Securities Act in 1933. One of the primary objectives of the Act is to improve the independence of auditors and the quality of audit services. For instance, the Act prohibits public accounting firms from providing certain non-audit services that can potentially compromise their independence. It also requires these audit firms to attest to their clients’ assessment of the effectiveness of internal control systems in their audit reports, and sets up a new private regulatory board, the Public Company Accounting Oversight Board (PCAOB), to oversee and investigate the audits and auditors of public companies. Keywords: Data Envelopment Analysis; Production Efficiency; Data Envelopment Analysis Model; Audit Firm; Accounting Firm (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-78642-9_10 Ordering information: This item can be ordered from DOI: 10.1007/978-3-540-78642-9_10 Access Statistics for this chapter More chapters in Springer Books from Springer |
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