SOX: Unintended Dilemmas for Auditing

The Journal of Corporate Accounting & Finance, Vol. 17, No. 4, pp. 31-35, May/June 2006

5 Pages Posted: 21 Mar 2012 Last revised: 26 Mar 2012

See all articles by Jonathan E. Duchac

Jonathan E. Duchac

Wake Forest University - Schools of Business

Edward B. Douthett

George Mason University - School of Business

Stephen R. Goldberg

Grand Valley State University

Date Written: March 19, 2012

Abstract

The Sarbanes-Oxley Act of 2002 brought wide spread changes to financial reporting. Companies now must report on internal control deficiencies. There are criminal penalties for false certification of financial reports. The new Public Company Accounting Oversight Board was established. And audit committees have enhanced responsibilities.

Considered in isolation, these reforms appear to improve the quality of financial information and increase public confidence. But when considered as a whole-in the context of practical application-some unanticipated effects are causing audit dilemmas. And they may damage the quality of financial information.

Suggested Citation

Duchac, Jonathan E. and Douthett, Edward B. and Goldberg, Stephen R., SOX: Unintended Dilemmas for Auditing (March 19, 2012). The Journal of Corporate Accounting & Finance, Vol. 17, No. 4, pp. 31-35, May/June 2006. Available at SSRN: https://ssrn.com/abstract=2026072

Jonathan E. Duchac

Wake Forest University - Schools of Business ( email )

P.O. Box 7659
Winston-Salem, NC 27109-7285
United States
910-759-4458 (Phone)
910-759-6133 (Fax)

Edward B. Douthett (Contact Author)

George Mason University - School of Business ( email )

Stephen R. Goldberg

Grand Valley State University ( email )

1 Campus Dr.
Allendale, MI 49401-9403
United States

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