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