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Research On The Sarbanes-Oxley Act 401-Information Disclosure

Posted on:2008-02-10Degree:MasterType:Thesis
Country:ChinaCandidate:H Z NieFull Text:PDF
GTID:2189360272955814Subject:Accounting
Abstract/Summary:PDF Full Text Request
This paper tries to use for reference and synthesize research production about corporate information disclosure.Information disclosure cost is the main transaction cost in stock market. In order to improve market resources allocation and efficiency, it is important to low down information disclosure cost. All the world stock market place information disclosure structure as the core monitoring of stock market. The information disclose by the listed companies are the accounting information. As a result, accounting information disclosure is the core information disclosure.In Nov 2000, New York Stock Market had the crisis due to the Enron and WorldCom financials scandals. The worldwide Big 5 CPA firm - Arthur Andersen was bankrupted. The investors lost the confidence to the stock market. The US government must make some changes in order to strength the investor's confidence in stock market.In 25 July 2002, <> was enacted by the Senate and House of Representatives of the United States of America in Congress. The Sarbanes-Oxley Act introduced stringent new rules "to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws". The other countries also effect by this act to reform corporate information disclosure.This paper uses some basic theories to discuss mandatory disclosure of information, corporate voluntary disclosure, information disclosure future trend and the improvement of financial reporting. At last, we point out the conclusion, problem of this text and the future research orient.
Keywords/Search Tags:Information Disclosure, Mandatory disclosure of information, Future trend of Information Disclosure
PDF Full Text Request
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