Beyond Compliance: The Value of SOX

Strategic Finance, 2010

Posted: 27 Jan 2015

See all articles by Marianne Bradford

Marianne Bradford

North Carolina State University ; North Carolina State University - Department of Accounting

Eileen Zalkin Taylor

North Carolina State University

Joseph F. Brazel

North Carolina State University - Poole College of Management - Department of Accounting

Date Written: 2010

Abstract

Many companies complying with the Sarbanes-Oxley Act (SOX) focus primarily on effective internal controls and reliable financial reporting. Addressing only these aspects, however, leaves most of the value on the table. By putting the spotlight on the broader definition of internal control, which includes effectiveness and efficiency of operations, evidence suggests that companies can make compliance with SOX, particularly Section 404, more of a value proposition. This article examines the additional value that public and nonpublic entities have extracted from compliance with SOX and SOX-related procedures.

Keywords: SOX, Value, Accounting, Compliance

Suggested Citation

Bradford, Marianne and Bradford, Marianne and Taylor, Eileen Zalkin and Brazel, Joseph F., Beyond Compliance: The Value of SOX (2010). Strategic Finance, 2010, Available at SSRN: https://ssrn.com/abstract=2504350

Marianne Bradford

North Carolina State University ( email )

Campus Box 8113
Dept of Accounting
Raleigh, NC Wake 27695-8113
United States
919-513-1436 (Phone)
919-515-4446 (Fax)

HOME PAGE: http://www.mgt.ncsu.edu/directories/people/accounting/marianne_bradford.php

North Carolina State University - Department of Accounting ( email )

Raleigh, NC 27695-8113
United States

Eileen Zalkin Taylor (Contact Author)

North Carolina State University ( email )

Campus Box 8113
Nelson Hall
Raleigh, NC 27695-8113
United States
919-513-2476 (Phone)

Joseph F. Brazel

North Carolina State University - Poole College of Management - Department of Accounting ( email )

Campus Box 8113
Nelson Hall
Raleigh, NC 27695
United States
919-513-1772 (Phone)

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