Therefore this is an intervention that fails to address the real reason why

Therefore this is an intervention that fails to

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Therefore, this is an intervention that fails to address the real reason why corporate crimes happened in the first place. Secondly, people with integrity deficit are still calling the shots at various public organizations. They also do certify various documents which are submitted to the SEC, and the certification is in no way addressing the real issues. Hence, in terms of overall impact in addressing corporate crime, there is nothing much happening. Moreover, there are fears that the SOX may delay or even inhibit the evolution towards more transparency in corporate transactions. Such transparency is needed to capture more corporate and personal transactions, so that shady deals cannot be hidden from the regulators and the public. The issue of SOX implementation and its potential failing in preventing corporate crime is a pressing one. The CEO of Halliburton Energy Services, John Gibson, uses his insights to pick out the issues that may need to be reconsidered. For instance, he notes that the SOX fails to
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Halliburton Executive Blasts Sarbanes Oxley Act 3 address the internal controls of organizations, and instead lays more emphasis on corporate managers certifying documents filed at the SEC (Fletcher, 2003). In essence, this shows that SOX may not add more value in terms of preventing corporate crime, which involved filing misleading returns to hide instances of corporate sleaze. Requiring executives to certify company
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  • Fall '07
  • McDevitt
  • Sarbanes–Oxley Act

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