The Sarbanes Oxley Act And Its Impact On European Companies PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Sarbanes Oxley Act And Its Impact On European Companies PDF full book. Access full book title The Sarbanes Oxley Act And Its Impact On European Companies.

The Sarbanes-Oxley Act and Its Impact on European Companies

The Sarbanes-Oxley Act and Its Impact on European Companies
Author: Peter Krimmer
Publisher: GRIN Verlag
Total Pages: 163
Release: 2006-01-12
Genre: Business & Economics
ISBN: 3638453928

Download The Sarbanes-Oxley Act and Its Impact on European Companies Book in PDF, ePub and Kindle

Diploma Thesis from the year 2005 in the subject Business economics - Accounting and Taxes, grade: Sehr Gut (Grade: A), Vienna University of Economics and Business (Management Accounting and Auditing), language: English, abstract: The present thesis examines the impact of the Sarbanes-Oxley Act of 2002 (SOA) on European companies and identifies their attitude towards its provisions. To raise the information needed, from May until the end of June 2005 all affected European companies (290) received access to the online questionnaire. Overall nearly twenty percent responded to the questionnaire. The following key findings have been identified: •The smaller a company is, the more problems it has to comply with the Sarbanes-Oxley Act. •The degree of the top management’s involvement in the compliance process plays a crucial role. •Almost every company has a formal code of ethics in place, but their senior management does not communicate it enough to their employees. •Almost every company has a whistleblower hotline in place to let all employees raise ethics and compliance issues and many of them also indicate that it allows an anonymous, confidential reporting and follow-up on raised issues. Only 30 percent of the hotlines were managed by an outside third party. •Most of the companies believe that the compliance costs have exceeded the benefits in 2004, but a positive trend - after the first compliance - towards the benefits can be identified. All in all, the thesis provides a representative overview on the SOA compliance situation of European companies.


An Overview of the Legal Context and Impact at the Community Level of the Extraterritorial Effects of the United States's Sarbanes-Oxley Act on the Company Law and Corporate Governance of Companies from the European Union

An Overview of the Legal Context and Impact at the Community Level of the Extraterritorial Effects of the United States's Sarbanes-Oxley Act on the Company Law and Corporate Governance of Companies from the European Union
Author: Jay N. Messenger
Publisher:
Total Pages: 106
Release: 2006
Genre:
ISBN:

Download An Overview of the Legal Context and Impact at the Community Level of the Extraterritorial Effects of the United States's Sarbanes-Oxley Act on the Company Law and Corporate Governance of Companies from the European Union Book in PDF, ePub and Kindle


The Sarbanes Oxley Act of 2002

The Sarbanes Oxley Act of 2002
Author: Nick Oberheiden
Publisher: GRIN Verlag
Total Pages: 9
Release: 2004-01-03
Genre: Political Science
ISBN: 363824153X

Download The Sarbanes Oxley Act of 2002 Book in PDF, ePub and Kindle

Essay from the year 2003 in the subject Politics - Region: USA, grade: LL.M. accreditation, Fordham University (Application Office), course: Study in the USA, language: English, abstract: The objective of the following article is to comment on the Sarbanes-Oxley Act of 2002 (“Act”) from a transatlantic point of view and to discuss its effects on foreign companies as far as theoretical or practical impacts are already visible at this early stage. It is an attempt to show the compatibility of the Act with other legal systems, especially with the existing German regulations. It is not the goal of this paper to point out the important changes regarding requirements in general. In a first section (I) the author wants to describe briefly the reasons for enacting the Act and to present the problems that occur with some of the regulations contained therein. In a second step (II), the author will outline the Act’s impacts on German and other European legal systems. In a final conclusion (III) the author wants to use the “holdings” he worked out in the second part to discuss the reform and criticize some aspects of the Act in an international light.


International Corporate Governance After Sarbanes-Oxley

International Corporate Governance After Sarbanes-Oxley
Author: Paul Ali
Publisher: John Wiley & Sons
Total Pages: 405
Release: 2011-07-28
Genre: Business & Economics
ISBN: 1118161122

Download International Corporate Governance After Sarbanes-Oxley Book in PDF, ePub and Kindle

"The Sabanes-Oxley Act has been one of the most significant developments in corporate and securities regulation since the New Deal. This collection of important articles would be a valuable resource for anyone seeking to understand Sabanes-Oxley's far-reaching effects on corporate governance in the United States and elsewhere." —Jesse Fried, coauthor of Pay Without Performance: The Unfulfilled Promise of Executive Compensation and Professor of Law at the University of California, Berkeley "The editors have assembled the latest cutting-edge research on international corporate governance by respected academics in this field. In this handbook, the editors deal with all aspects of the significant legislative changes to corporate governance regulation. It introduces the reader to the new rules that will certainly improve the reliability and the accuracy of disclosures made by corporations. The book comes at the right moment with the recent scandals such as Enron, which will educate all readers especially shareholders of corporate stock." —Komlan Sedzro, Professor of Finance, University of Quebec at Montreal "Today, corporate governance is a topic at the center of public policy debate in most industrialized countries. The range of concerns; the variety of approaches; and their tendency to converge in some areas or diverge in others (not always in the right directions) are emphatically demonstrated by these essays. There is material here of enormous interest for scholars of comparative law and economic regulation. And significantly, the presentation of essays from legal, financial, and regulatory viewpoints demonstrates the growing practical as well as theoretical utility of interdisciplinary work in this area. Professors Ali and Gregoriou are to be warmly congratulated for their skill and initiative in assembling an important publication, as well as for their own contributions to interdisciplinary scholarship." —R. P. Austin, BA, LLM (Sydney), DPhil (Oxon), Supreme Court of New South Wales "This very international collection emphasizes the economic line of descent, while including legal and socio-legal contributions. It fills a very important gap in our empirical knowledge of corporate governance. It is accessible and comprehensive and will greatly assist readers from all relevant disciplines, who are trying to discern the shape of corporate governance as a mature field." —Dimity Kingsford Smith, Professor of Law, University of New South Wales


United States and European Union Auditor Independence Regulation

United States and European Union Auditor Independence Regulation
Author: Christiane Strohm
Publisher: Springer Science & Business Media
Total Pages: 247
Release: 2007-12-11
Genre: Business & Economics
ISBN: 3835091158

Download United States and European Union Auditor Independence Regulation Book in PDF, ePub and Kindle

Christiane Strohm investigates the effects of the Sarbanes-Oxley-Act and the revised 8th EU-Directive on auditing. She shows that there is a difference in the communication and safeguarding effects of a regulation, depending on the precision of its wording and that safeguarding effects also depend on auditors' monetary incentives and on perceived costs of litigation.


The Sarbanes-Oxley Act

The Sarbanes-Oxley Act
Author: Michael F. Holt
Publisher: Butterworth-Heinemann
Total Pages: 213
Release: 2008
Genre: Business & Economics
ISBN: 0750680237

Download The Sarbanes-Oxley Act Book in PDF, ePub and Kindle

The Sarbannes-Oxley Act (SOX) is a mandatory requirement for all listed corporations in the US, whether foreign or not. Compliance is not an option. Other countries are developing similar legislation so the books value is international in scope. SOX is a hot topic and the effects are just beginning to be felt world-wide. This new book goes beyond the implementation phase of SOX and looks at the reaction to the Act in terms of costs, benefits and business impacts. This book is for Senior Managers in the Business and Financial/Accounting Communities who want/need to know what the reaction of business and government is to the SOX legislation, what it is costing and how the effects are penetrating through the business environment. Mike Holt presents a comprehensive review of the impact that Sarbanes-Oxley legislation has had on business, the financial community, governments and the public since its inception in 2002. The Sarbanes-Oxley Act has been somewhat successful, but not completely and the cost (well over a trillion dollars) might be considered too high a price to pay for the gains. This book takes a hard look at the costs, benefits and other impacts as well as at what influential and prominent financial, government and business leaders think about it now. * International in scope and content and including interviews with prominent business leaders, CEOs and CFOs of large and small corporations. * Compliance with The Sarbanes-Oxley Act is now mandatory for every listed US corporation and overseas corporations listed on US stock markets. * Covers the reaction of business and government to this legislation, what it is costing and how the effects are penetrating through the business environment.


Corporate Governance and Cross-Listing

Corporate Governance and Cross-Listing
Author: Rob Bauer
Publisher:
Total Pages: 31
Release: 2005
Genre:
ISBN:

Download Corporate Governance and Cross-Listing Book in PDF, ePub and Kindle

This paper documents the relationship between cross-listing and corporate governance of the largest European companies between 2000 and 2003. Companies with a U.S. cross-listing, and particularly those listed on a U.S. stock exchange had higher corporate governance ratings than companies without a U.S. cross-listing. Corporate governance advantage of the U.S. cross-listed firms holds if we control for the country of origin and other company characteristics, and it was more consistent in 2003 than in 2000, suggesting a possible impact of the Sarbanes-Oxley Act. The U.S. cross-listed firms had higher ratings not only in terms of disclosure but also in terms of board structure and functioning. In contrast, they had no advantage in terms of shareholders' rights and duties. The advantage of U.S. cross-listed firms can be traced back to at least a couple of years before the time of cross-listing, which leaves the question whether their superior corporate governance is the effect of U.S. cross-listing open. In contrast to the importance of cross-listing in the U.S., there is no significant relationship between corporate governance and cross-listing within Europe. Implications are drawn for the debate on bonding and the future of European stock markets.