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- Title
Communicate Value to Boost Investor Confidence.
- Authors
Kalafut, Pam Cohen
- Abstract
This article reports on how the Sarbanes-Oxley Act has created new realities for both companies and their executives and that there is a lot more at stake now, both personally and professionally for these employees. The author notes that due to the legislation's mandates and the pressures created by an increasingly skeptical investment community, an environment has been created where it is no longer enough to just report financials. Now, the impact of business risks associated with the numbers must also be communicated, as investors want to know about the motivations behind a company's decisions. The creation of this higher level of transparency between the investor and the company has led many to believe that the confidence lost due to several notable economic scandals will be restored.
- Subjects
UNITED States; UNITED States. Sarbanes-Oxley Act of 2002; CORPORATIONS; CORPORATE accounting laws; ACCOUNTING standards; INTERNAL auditing; ORGANIZATIONAL transparency; DISCLOSURE laws; FINANCIAL disclosure laws; PREVENTION of white collar crimes; CORPORATE corruption; ECONOMIC crime; PREVENTION; AUDITING laws
- Publication
Financial Executive, 2003, Vol 19, Issue 5, p28
- ISSN
0895-4186
- Publication type
Article