Full Newsletter   Newsletter Archives

  Homepage    About Us    Services    Resources    Industries    Contact Us



 Glossary:  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Printable version 
It seems that everytime you hear about SOX you inevitably hear about the immense costs associated with compliance. With everyone focused on the high price tag, it's logical to deduce that everyone hates SOX, however a recent BusinessWeek article touts that's not so. An evergrowing number of investers are happy with the changes that have taken place due to SOX.
 
According to the article, among the many benefits investors say the biggest is that, "(SOX) and related reforms have produced much more reliable corporate financial statements, which investors rely on when deciding whether to buy or sell shares.  For them, (SOX) has been a godsend."

The updated disclosure requirements mean that the numbers companies are publishing have fewer adjustments and unusual charges and write-offs.  In addition, reports now include more information that wasn't available prior to the recent accounting scandals.  All of this means investors can have more confidence in their companies and investments.

For BusinessWeek’s full article visit:
http://www.businessweek.com/magazine/content/07_05/b4019053.htm

 Save article  Email Firm  Email to a Friend
Is this item worthy of implementation? Yes No Maybe
Is this item worth sharing with other associates? Yes No Maybe
Did this item present value to you and your business? Yes No Maybe
Comments:

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation.

The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document’s written tax advice for that purpose. This document’s tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional’s advice regarding the user/recipient’s particular circumstances.

 The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.