Advantages and disadvantages of The Sarbanes Oxley Act. 1348
-
i need the infor about the advantages and disadvantages of the The Sarbanes Oxley Act …
hope someone can get me a detail of the advantages and disadvantages of the The Sarbanes Oxley Act . Thank you
-
or pls tell me where i can get the detail of it …10q
-
Advantage: Comply with a legal requirement.
Disadvantage: Don’t comply and/or fail…reputation risk, risk in the investment community, etc.
You should read the other posts and review the resources identified on the home page for specifics.
-
If u r required to comply with SOX, u dont do it, u lose all ur business rite away.
the prospective customers perceive u to be an unstable vendor, the investors perceive u to be an unstable investment option, the govt perceives u to be, welllll whatever.
ultmately, business runs on perceptions and once it changes, there is no business to run at all.
On the Technical side, Sox strengthens ( supposedly atleast) the control environment in ur orgn that in turn ensures reliable processes and reliable financial reporting
thats abt it