We examine relations between board size, managerial incentives and enterprise performance in nonprofit organizations. We posit that a nonprofit’s demand for directors increases in the number of programs it pursues, resulting in a positive association between program diversity and board size. Consequently, we predict that board size is inversely related to managerial pay-performance incentives a...

The Sarbanes-Oxley Act of 2002 has finally forced corporations to examine the validity of their spreadsheets. They are beginning to understand the spreadsheet error literature, including what it tells them about the need for comprehensive spreadsheet testing. However, controlling for fraud will require a completely new set of capabilities, and a great deal of new research will be needed to deve...

Over the past few years, cases of miserable failure in corporate governance have shocked the financial world. Enron and WorldCom are just two examples of how a few people in a position of power can cause unprecedented damage to hundreds of thousands of people, including investors, employees, and retirees. Lessons thus learned created a wave of regulations, the most significant being the Sarba...

The US accounting profession was caught up in, and some say responsible for, the whirlwind of accounting and business scandals that rocked the US markets in 2002. To restore investor confidence in financial information, the Sarbanes-Oxley Act created a new Public Company Accounting Oversight Board with the authority to set standards for auditors of publicly traded companies, thus ending a centu...

Today’s business climate requires business processes to meet many compliance regulations, such as Sarbanes-Oxley (SOX) and to adhere to business partner contracts. In this paper, we report a comparative analysis between Linear Temporal Logic and Formal Contract logical languages, which have been successfully utilized in the literature as the formal basis of compliance requirements to enable the...

With Sarbanes–Oxley and other legislation, securing IT within a company has become law. This article takes a look at how compliance legislation can be used to get more support from the Board when it comes to security issues, and how information assets still need to be protected further. a 2006 Elsevier Ltd. All rights reserved.