The Sarbanes-Oxley Act: Deterrent or Aid to Finance and Accounting Outsourcing?

Renu Desai

Florida International University

Robert W. McGee

Fayetteville State University

December 2, 2009

The Sarbanes-Oxley Act has had a significant impact on the accounting profession since its enactment in 2002. Compliance costs have increased and the nature of the internal audit function has changed somewhat to accommodate the requirements of the Act. This article examines the effect the Sarbanes-Oxley Act has had on the outsourcing of accounting services and data control and security issues that result from outsourcing accounting services. The authors report on interviews conducted of outsource company executives in India, focusing on data security concerns and financial controls.

Number of Pages in PDF File: 19

Keywords: Sarbanes, Sarbanes-Oxley, outsourcing, accounting, ethics

JEL Classification: M55, D23, D6, E24, F1, G3, J2, J44, J6, K12, L84, M4

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Date posted: December 7, 2009  

Suggested Citation

Desai, Renu and McGee, Robert W., The Sarbanes-Oxley Act: Deterrent or Aid to Finance and Accounting Outsourcing? (December 2, 2009). Available at SSRN: http://ssrn.com/abstract=1517223 or http://dx.doi.org/10.2139/ssrn.1517223

Contact Information

Renu Desai
Florida International University ( email )
University Park
11200 SW 8th Street
Miami, FL 33199
United States
Robert W. McGee (Contact Author)
Fayetteville State University ( email )
School of Business and Economics
Fayetteville, NC 28301
United States
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