Balancing Financial Market Competitiveness with Investor Protection
CPA Journal, The › Vol. 77 Nbr. 5, May 2007
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Summary
Newspaper headlines are filled with warnings that "The sky is falling" when it comes to competition for foreign capital in the US markets. Many people are primarily blaming the Sarbanes-Oxley Act (SOX), because they claim its requirements discourage international companies from choosing to list on US stock exchanges. While the SEC and others are trying to ease rules associated with SOX, the accounting profession's international counterparts are stiffening their own regulations to compel stronger internal controls against fraud. Another reflection of SOX append in an exposure draft released in December 2006 by the International Auditing and Assurances Standards Board
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Balancing Financial Market Competitiveness with Investor Protection
Newspaper headlines are filled with warnings that "the sky is falling" when it comes to competition for foreign capital in the U.S. markets. Many people are primarily blaming the Sarbanes-Oxley Act (SOX), because they claim its requirements discourage inte...
See the full content of this document
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