The Sarbanes Oxley Act and Its Impact on European Companies is popular PDF and ePub book, written by Peter Krimmer in 2006-01-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Sarbanes Oxley Act and Its Impact on European Companies can be Read Online from any device for your convenience.
The Sarbanes Oxley Act and Its Impact on European Companies Book PDF Summary
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), 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.
Detail Book of The Sarbanes Oxley Act and Its Impact on European Companies PDF
- Author : Peter Krimmer
- Release : 12 January 2006
- Publisher : GRIN Verlag
- ISBN : 9783638453929
- Genre : Business & Economics
- Total Page : 163 pages
- Language : English
- PDF File Size : 16,5 Mb
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