Sarbanes-Oxley More Than Bureaucracy

BY ALBERT L. WALLACE

Sarbanes -Oxley More Than Bureaucracy
In “ A Changing Corporate Culture ” ( JofA , Mar.04, page 57), the comment that CFOs’ and controllers’ incentive compensation plans should not be too heavily weighted toward profits and stock growth hit the mark.

Corporations need to see the Sarbanes-Oxley Act as more than just added bureaucracy—they should see it as the driving ethic in a change from greed.

Albert L. Wallace, CPA
Orange, California

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out