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

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.