期刊名称：ACRN Journal of Finance and Risk Perspectives
电子版ISSN：2305-7394
出版年度：2020
卷号：9
期号：1
页码：103-112
DOI：10.35944/jofrp.2020.9.1.008
出版社：ACRN Publishing
摘要：Some issues of the Sarbanes Oxley Act of 2002 are still discussed controversially in literature. Thereof, Section 404 concerning internal control over financial reporting is one of the most criticized parts. This article focuses on costs and benefits of the section and impacts on earnings management. Most authors agree that compliance costs of Section 404 far outweigh its benefits. However, long-term benefits are expected. Regarding earnings management, studies show that the section has positive effects such as increased earnings quality and improved internal control systems. Although the section is heavily debated in literature, there is consensus that SOX Section 404 greatly contributed to the improvement of quality of financial reporting and of corporate governance as a whole.
关键词：Sarbanes Oxley Section 404 Internal control Costs of SOX Benefits of SOX Earnings management Earnings quality
