Corporate Governance and Financial Restatements

ISBN: 9783639025231

$73.64 $62.60

The string of financial scandals led by Enron shocked the US capital markets and spurred regulatory concerns about the effectiveness of corporate governance. The Securities and Exchange Commission (SEC) accused directors and auditors of developing intimate relationships with management instead of scrutinizing financial reports. To arrest such problems, Congress swiftly introduced the Sarbanes-Oxley Act (2002) and the SEC developed new regulations. Corporate America, however, rebutted the SEC”s accusations. This book ventures into this debate by investigating the potential threats to the effectiveness of director and auditor oversight of financial reports. The evidence suggests independent directors that possess financial expertise, serve on multiple boards, and are paid appropriate cash compensation effectively oversee financial reporting. There is no evidence that directors with longer service on the board are less effective. Although longer audit engagement with a client tends to improve audit effectiveness, auditors appear to compromise their scrutiny of financial reporting when management pays them lucrative fees, and when the audit committee is less effective.

Title:
Corporate Governance and Financial Restatements
ISBN-10:
3639025237
ISBN-13:
9783639025231
Author:
Vineeta Sharma
Publisher:
VDM Verlag Dr. Müller
Published Date:
20080423
Edition:
1
Binding
Paperback / softback
Pages:
172
Language:
English
Product Dim.:
8.66 H x 5.91 W (inches)

Vineeta Sharma

Special Offers and Promotions

Our print to order bookstore saves you money. There are currently no special offers for Corporate Governance and Financial Restatements

Editorial Reviews

Thank you for selecting our online bookstore. Currently, there are no editorial book reviews for Corporate Governance and Financial Restatements

About Pubgraphics Direct

PGDirect is an online bookstore that has embraced the concept of direct to consumer selling for self-published books, softcover and hardcover books, specialty books, children's books, hard to find books, college textbooks, print on demand books and more.

Your Cart