Economics at your fingertips  

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
New Economics Papers: this item is included in nep-acc and nep-law
References: View references in EconPapers View complete reference list from CitEc

Published in International Conference Proceedings of PSRC (Planetary Scientific Research Centre) ISBN 978-93-82242-80-2 (2014): pp. 90-95

Downloads: (external link) original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

Page updated 2024-05-13
Handle: RePEc:pra:mprapa:54644