Competitiveness In A Post Sarbanes-Oxley Economy And Its Impact On Small And Mid-Size Companies

Main Article Content

Martin Samuel
David Sabot
Peter DelPiano

Keywords

Sarbanes-Oxley, Corporate Governance, Transparency, Scaling & Tailoring, COSO, Competitiveness

Abstract

With the increase in the number of people who had a stake in the Stock market coupled with 9/11 and Enron (which created a climate of uncertainty); a need was created for more assurance in the Stock market. Sarbanes-Oxley (SOX) was created to answer the need for accuracy and reliability of financial reporting. SOX imposed unprecedented close government oversight of publicly traded companies through rigid internal control of corporate processes.

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