Friday, April 29, 2005
Accountant says Sarbanes-Oxley Act is working
The Sarbanes-Oxley Act of 2002 is helping U.S. corporations improve their financial reporting and corporate governance, the chairman of PricewaterhouseCoopers said Thursday.
"I believe, over time, we'll see fewer major restatements, fewer [Securities and Exchange Commission] financial reporting cases and, ultimately, fewer incidents involving accounting fraud," PricewaterhouseCoopers Chairman Dennis Nally told a National Press Club event.
See full Article.