Section 404 of Sarbanes-Oxley Act: An Analysis of External and Internal Responses
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Authors
Martin, James
Ockree, Kanalis
Issue Date
2008-10-1
Type
Working paper
Language
en_US
Keywords
Auditing , Corporate Governance , Sarbanes-Oxley Act , SOX
Alternative Title
Abstract
Exhaustive research has been done on the effects of the Sarbanes-Oxley Act (SOX) since its passage in July 2002. Researchers such as Rittenberg and Miller (Rittenberg, 2005) found improvements in information technology controls and anti-fraud processes. Wagner and Dittmar (Wagner, 2006) found extensive SOX benefits related to improvements in internal control from reduced human error and improved documentation. This paper adds to the body of prior research by identifying and analyzing collateral internal and external reactions to material weaknesses reported following SOX. Specifically, the authors identify and analyze five external outcomes and four internal responses related to companies which have reported material weaknesses in internal control pursuant to SOX.
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Citation
Publisher
Washburn University. School of Business