Changes in Risk of Foreign Firms Listed in the U.S. Following Sarbanes-Oxley

2008 ◽  
Author(s):  
Aigbe Akhigbe ◽  
Anna D. Martin ◽  
Takeshi Nishikawa
Keyword(s):  
Foreign Firms ◽  
Sarbanes Oxley ◽  
Changes In Risk ◽  
The U.S

Changes in risk of foreign firms listed in the U.S. following Sarbanes-Oxley

2009 ◽  
Vol 19 (3) ◽  
pp. 193-205 ◽  
Author(s):  
Aigbe Akhigbe ◽  
Anna D. Martin ◽  
Takeshi Nishikawa
Keyword(s):  
Foreign Firms ◽  
Sarbanes Oxley ◽  
Changes In Risk ◽  
The U.S

Why Are Foreign Firms Listed in the U.S. Worth More?

CFA Digest ◽  
2004 ◽  
Vol 34 (3) ◽  
pp. 54-55
Author(s):  
William H. Sackley
Keyword(s):  
Foreign Firms ◽  
The U.S

scholarly journals The Impact of the Sarbanes-Oxley Act on Shareholders and Managers of Foreign Firms

2011 ◽  
Author(s):  
Jefferson Duarte ◽  
Katie Kong ◽  
Lance A. Young ◽  
Stephan Siegel
Keyword(s):  
Foreign Firms ◽  
Sarbanes Oxley ◽  
The Impact

scholarly journals Is The Pcaob a “Heavily Controlled Component” Of The Sec?: An Essential Question In The Constitutional Controversy

2009 ◽  
Vol 71 (3) ◽  
Author(s):  
Donna M. Nagy
Keyword(s):  
Supreme Court ◽  
Separation Of Powers ◽  
Free Enterprise ◽  
Public Companies ◽  
The Public ◽  
Sarbanes Oxley ◽  
Public Company ◽  
Essential Question ◽  
The U.S

The U.S. Supreme Court recently heard oral arguments in Free Enterprise Fund v. Public Company Accounting Oversight Board, described as “the most important separation-of-powers case regarding the President’s appointment and removal powers to reach the courts in the last 20 years.” Established by Congress as the cornerstone of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley” or the “Act”), the Public Company Accounting Oversight Board (the “PCAOB” or the “Board”) was structured as “a strong, independent board to oversee the conduct of the auditors of public companies.” Its principal mission was to prevent the type of auditing failures that contributed to the scandals at Enron, WorldCom, and numerous other public companies in the period leading up to the passage of the Act.

Business Intelligence in Corporate Governance and Business Processes Management

2013 ◽  
pp. 249-269
Author(s):  
Alexander Yakovlev
Keyword(s):  
Corporate Governance ◽  
Business Intelligence ◽  
Cost Reduction ◽  
Business Processes ◽  
Transnational Corporations ◽  
Accurate Information ◽  
Main Field ◽  
Maximum Cost ◽  
Sarbanes Oxley ◽  
The U.S

Today is the time of transnational corporations and large companies. They bring to their shareholders and owners the major profits, and they are the main sponsors of scientific and technological progress. However, the extensive way of its development is not possible for environmental, marketing, resource, and many other reasons. So, the main field of competition between companies becomes a fight for the client, the individualization of approach to him, and the maximum cost reduction. At the same time, a series of scandals that erupted in the early 2000s with such major corporations as Enron Corporation, WorldCom, Tyco International, Adelphia, and Peregrine Systems has shown that the system of corporate governance, on which depends the welfare of hundreds of thousands of people, requires serious improvements in terms of transparency and openness. In this regard, the U.S. adopted the Sarbanes-Oxley Act of 2002, under which management companies legally obliged to prove that his decisions are based on reliable, relevant, credible and accurate information (Devenport & Harris, 2010).

The Birth of Modern Transnational Bribery Law

2019 ◽  
pp. 31-40
Author(s):  
Kevin E. Davis
Keyword(s):  
United States ◽  
Twentieth Century ◽  
The United States ◽  
Historical Record ◽  
Foreign Corrupt Practices Act ◽  
Sarbanes Oxley ◽  
The U.S

This chapter traces the development of modern transnational bribery law in the United States. After a brief discussion of the U.S. Supreme Court’s decision in Oscanyan v. Arms Co., it traces the evolution of domestic anti-bribery law in the United States through the twentieth century. It then discusses the Watergate investigation and scandals involving companies such as Lockheed and United Brands that led to enactment of the U.S. Foreign Corrupt Practices Act of 1977. The historical record sheds light on the moral and economic motivations behind this landmark legislation. Subsequent amendments to the FCPA and related statutes, such as the Sarbanes-Oxley Act, are also discussed.

Risk Shifts in the Market for Audits: An Examination of Changes in Risk for “Second Tier” Audit Firms

2009 ◽  
Vol 28 (2) ◽  
pp. 93-118 ◽  
Author(s):  
Chris E. Hogan ◽  
Roger D. Martin
Keyword(s):  
Business Risk ◽  
Switching Activity ◽  
Publicly Traded ◽  
Audit Market ◽  
Sarbanes Oxley ◽  
Big 4 ◽  
Audit Firms ◽  
Risk Characteristics ◽  
Changes In Risk ◽  
Second Tier

SUMMARY: The market for audit services has been affected in recent years by significant changes like the demise of Andersen and the implementation of the Sarbanes-Oxley Act of 2002. One impact of these market changes has been an increase in the frequency of auditor switches, and in particular, the frequency of clients switching from Big 4 auditors to smaller audit firms. We examine whether this switching activity has resulted in changes in the risk characteristics of publicly traded clients of Second Tier audit firms. This analysis is important as regulators are concerned about audit market concentration and would like to see the Second Tier audit firms expand their share of the publicly traded client market. Results indicate that Second Tier firms are accepting clients with potentially increased audit and client business risk characteristics relative to their existing client base, but they also appear to be “shedding” clients that have increased audit and client business risk characteristics relative to their existing client base. Some of the differences in risk characteristics for those departing clients are more pronounced in the period after 2000, when we expect the most significant changes in the audit market occurred. Second Tier auditors are increasingly exposed to more business risk as they accept larger clients coming from Big 4 predecessor auditors, which may increase their exposure to litigation.

Cross-listing pursuit of unseasoned foreign firms after going public in the U.S.

2009 ◽  
Vol 62 (8) ◽  
pp. 797-804 ◽  
Author(s):  
Magali Valero ◽  
Hei Wai Lee ◽  
Nianyun (Kelly) Cai
Keyword(s):  
Foreign Firms ◽  
Going Public ◽  
Cross Listing ◽  
The U.S
Sign in / Sign up

Export Citation Format

Share Document