United States businesses are subjected to specific rules which help ensure that they continue to operate ethically and within the bounds of the law. Foreign countries tend to have less stringent laws than here in the US for regulating ethics and standards. Does the Sarbanes Oxley Act affect foreign corporations, if at all? Using thoughtful detail, tell why these companies should or should not be entitled to be exempt from this rule?© BrainMass Inc. brainmass.com June 4, 2020, 3:25 am ad1c9bdddf
Sarbanes Oxley Act affects those foreign companies that have their shares listed on US stock exchanges. Generally the law should make no difference between US companies and foreign companies if the shares are traded on US stock exchanges. However, the SEC has applied the SOX laws to foreign firms in a reasonable manner. The foreign firms must be consistent ...
This posting gives you a step-by-step explanation of Sarbanes Oxley Act . The response also contains the sources used.