In July 2002, Sarbanes-Oxley Act was enacted in response to fraud scandals at companies such as Enron and WorldCom; however, today the law is highly controversial and a target for frequent criticism from both business executives and politicians.
This article considers the global and domestic position on International Financial Reporting Standards (IFRS) convergence and the anticipated changes to standard setting.
An examination of the important role of traders, urging caution in calling for new regulations when financial markets undergo disruptions.
Chairman Cox’s testimony and subsequent SEC press releases make it clear that the Goldstein decision will only be a short reprieve for hedge funds.
The Sarbanes-Oxley Act of 2002 offers sound prescriptions for all companies, publicly traded or not.
If a “Main Street” investor wants to hedge against an unanticipated event, there are some options, including a synthetic hedge portfolio.
The new law seeks to require greater accountability by management and boards in the reporting of financial data. Will it be enough?