Audit committees, boards of directors, and remediation of material weaknesses in internal control

• Main Author: GOH, Beng Wee
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Sarbanes-Oxley Act (SOX); Accounting improprieties; Enron; Financial reporting; Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/127; https://ink.library.smu.edu.sg/context/soa_research/article/1126/viewcontent/acav_causality_icse24.pdf
• Institution: Singapore Management University

The Sarbanes-Oxley Act (SOX) was passed in 2002 in response to a series ofaccounting improprieties at well-known companies such as Enron and WorldCom.One important aspect of SOX is the internal control requirements. SOX section302 requires that management evaluate the effectiveness of disclosure and...