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Does the benefits of Sarbanes Oxley Act justify the costs?

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Cost/benefit analysis of the Sarbanes- Oxley Act. The focus is to be on the question of if the benefits of SOX justify the costs.

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Solution Summary

Whether the benefits of the Sarbanes Oxley Act justifies the costs are explored from the business and the accounting expert view points.

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The answer to whether the Sarbanes-Oxley Act benefits justify the costs depends on who you ask. The direct costs are increased accounting and audit fees. The indirect costs are increased costs to go public, decision making analyzed for SOX compliance, and the need for an independent ...

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