The financial frauds of recent past have created a lot of attention to financial audits and corporate governance. That attention includes the Sarbanes-Oxley Act of 2002. This Act has led to numerous changes in corporate governance. But will the changes affect financial fraud? This research attempts to gather empirical evidence about audit committees, S-OX, and whether the guidelines of S-OX hav...

In 2002, the Sarbanes-Oxley Act was passed into law requiring all U.S. based, publicly traded companies to report on the status of their internal controls governing the reporting of financial information. Because of the close relationship between financial reporting and IT, the requirements of the Sarbanes-Oxley (SOX) Act has also greatly impacted IT Governance and the way IT projects are manag...

This paper considers the role of company law in the context of financialization, with a focus on shareholder primacy. After a detailed review of the provenance of the putative shareholder primacy rationale, the study provides an analysis of relevant aspects of the Company Law Review (CLR) process in the UK. This ultimately led to the Companies Act 2006 (CA 2006) which determined that shareholde...

This Article considers how some recent developments affect our understanding of the relative superiority of our mixed federal system of corporate lawmaking as compared with either a purely state system or a purely national one. The mixed federal system can potentially capture the gains of efficiency, flexibility, and responsiveness from state competition, while using the threat and occasional r...

Purpose Motivated by the findings of Bhabra and Hossain (2017) that highlight an improvement in US market performance post-Sarbanes–Oxley (SOX) period, this paper aims to investigate how change varies with methods payment used for deals. Design/methodology/approach Deductive nature using event study approach, uses a sample 675 deals between 1999 2006 test three research hypotheses pre-post sett...

The Sarbanes-Oxley Act of 2002 (SOX) was established to strengthen internal controls over financial reporting by U.S. public firms and, as a consequence, to increase investor and stakeholder confidence in published financial reports. Among the many SOX provisions, SOX 404 requires an annual assessment by the firm’s executive management and external auditor of the firm’s internal controls over f...