Why integrity still constitutes the driving force behind ethical standards, the Sarbanes Oxley Act and other legislation

Marianne Ojo

MPRA Paper from University Library of Munich, Germany

Abstract: Whilst the benefits and potentials of the dual roles assumed by external auditors are emphasized, as well as the need to ensure that safeguards operating to guard against a compromise of objectivity and independence are in place, this paper also highlights the fact that even though such dual roles are appropriate in certain cases – as illustrated by justifications for limitations imposed by the Sarbanes Oxley Act and other relevant and applicable legislation – instances also persist where section 201 of Sarbanes-Oxley, with regard to internal audit outsourcing, may have been over-reactionary and may continue to hinder both companies and their auditors.

Keywords: independence; objectivity; Sarbanes Oxley Act; FSMA section 166; non-audit services (search for similar items in EconPapers)
JEL-codes: G2 G28 G3 K2 (search for similar items in EconPapers)
Date: 2014-02-04
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Published in International Conference Proceedings of PSRC (Planetary Scientific Research Centre) ISBN 978-93-82242-80-2 (2014): pp. 90-95

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