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

19 Pages Posted: 7 Dec 2009  

Renu Desai

Florida International University

Robert W. McGee

Fayetteville State University - Department of Accounting

Date Written: December 2, 2009

Abstract

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.

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

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

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: https://ssrn.com/abstract=1517223 or http://dx.doi.org/10.2139/ssrn.1517223

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 - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

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