Proposal 2: Costs and Benefits of SOX


In continuing my research on the costs of the Sarbanes Oxley Act on small firms, I read the article “Sarbanes-Oxley:Does the Cost Knock your Socks off?” This article is a research brief from a group of professors across the United States. 

It was highly beneficial to me because it posed many questions about which I had not previously thought. For example, I did not even realize there was a whole set of indirect costs involved in Sarbanes Oxley. This article argues that these costs are actually higher than direct costs. 

Additionally, it questions the money that the companies either save or earn through additional auditing. From my personal work on SOX audits, I know that clients ask the auditing firms how competitors handle certain situations and my firm typically gave them a good answer. In my paper, I could also study the merits of the SOX act for individual companies and the systemic merit. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s