The Sarbanes-Oxley Act and Its Impact on European Companies

Business & Finance, Accounting
Cover of the book The Sarbanes-Oxley Act and Its Impact on European Companies by Peter Krimmer, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Peter Krimmer ISBN: 9783638453929
Publisher: GRIN Publishing Publication: January 12, 2006
Imprint: GRIN Publishing Language: English
Author: Peter Krimmer
ISBN: 9783638453929
Publisher: GRIN Publishing
Publication: January 12, 2006
Imprint: GRIN Publishing
Language: English

Diploma Thesis from the year 2005 in the subject Business economics - Accounting and Taxes, grade: Sehr Gut (Grade: A), Vienna University of Economics and Business (Management Accounting and Auditing), 117 entries in the bibliography, language: English, abstract: The present thesis examines the impact of the Sarbanes-Oxley Act of 2002 (SOA) on European companies and identifies their attitude towards its provisions. To raise the information needed, from May until the end of June 2005 all affected European companies (290) received access to the online questionnaire. Overall nearly twenty percent responded to the questionnaire. The following key findings have been identified: •The smaller a company is, the more problems it has to comply with the Sarbanes-Oxley Act. •The degree of the top management's involvement in the compliance process plays a crucial role. •Almost every company has a formal code of ethics in place, but their senior management does not communicate it enough to their employees. •Almost every company has a whistleblower hotline in place to let all employees raise ethics and compliance issues and many of them also indicate that it allows an anonymous, confidential reporting and follow-up on raised issues. Only 30 percent of the hotlines were managed by an outside third party. •Most of the companies believe that the compliance costs have exceeded the benefits in 2004, but a positive trend - after the first compliance - towards the benefits can be identified. All in all, the thesis provides a representative overview on the SOA compliance situation of European companies.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Diploma Thesis from the year 2005 in the subject Business economics - Accounting and Taxes, grade: Sehr Gut (Grade: A), Vienna University of Economics and Business (Management Accounting and Auditing), 117 entries in the bibliography, language: English, abstract: The present thesis examines the impact of the Sarbanes-Oxley Act of 2002 (SOA) on European companies and identifies their attitude towards its provisions. To raise the information needed, from May until the end of June 2005 all affected European companies (290) received access to the online questionnaire. Overall nearly twenty percent responded to the questionnaire. The following key findings have been identified: •The smaller a company is, the more problems it has to comply with the Sarbanes-Oxley Act. •The degree of the top management's involvement in the compliance process plays a crucial role. •Almost every company has a formal code of ethics in place, but their senior management does not communicate it enough to their employees. •Almost every company has a whistleblower hotline in place to let all employees raise ethics and compliance issues and many of them also indicate that it allows an anonymous, confidential reporting and follow-up on raised issues. Only 30 percent of the hotlines were managed by an outside third party. •Most of the companies believe that the compliance costs have exceeded the benefits in 2004, but a positive trend - after the first compliance - towards the benefits can be identified. All in all, the thesis provides a representative overview on the SOA compliance situation of European companies.

More books from GRIN Publishing

Cover of the book 'Playway-Rainbow'-Edition. An introduction and analysis of teaching material for English as a foreign language at primary level by Peter Krimmer
Cover of the book Putnam Two-level games by Peter Krimmer
Cover of the book Security Policy for e-Fence Corporation's Network by Peter Krimmer
Cover of the book Test and Measurement. Bias and Cultural diversity in Psychological Assessment by Peter Krimmer
Cover of the book Get-passive in Singaporean English - A corpus-based study by Peter Krimmer
Cover of the book Connotations and Gender in Ads by Peter Krimmer
Cover of the book The Relevance of a New Literacy in the Information Age by Peter Krimmer
Cover of the book The Role of Market-Maker/Dealer Inventories in the Price Formation Process by Peter Krimmer
Cover of the book Academic peer-reviewed Journal Critique 'Human Trafficking' by Peter Krimmer
Cover of the book Analysis of the US PR Strategy Preparing the War against Iraq 2003 by Peter Krimmer
Cover of the book Stylistic Features in Balisidya's Short Stories by Peter Krimmer
Cover of the book Effect of maternal employment on children's home and emotional adjustment by Peter Krimmer
Cover of the book The Protection of Minority Shareholders under the new Company Law of the People's Republic of China by Peter Krimmer
Cover of the book Towards an Open Higher Education System in the European Union by Peter Krimmer
Cover of the book Approaches and Theories to standard setting in Accounting by Peter Krimmer
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy