Corporate Governance Post-Sarbanes-Oxley

Corporate Governance Post-Sarbanes-Oxley

Regulations, Requirements, and Integrated Processes
1. Aufl.

von: Zabihollah Rezaee

92,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 05.10.2007
ISBN/EAN: 9780470107447
Sprache: englisch
Anzahl Seiten: 448

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.


<i>Corporate Governance Post Sarbanes-Oxley</i> introduces a corporate governance structure consisting of seven interrelated mechanisms of oversight: managerial, compliance, audit, advisory, assurance, and monitoring. The book begins with a discussion of the new requirements for corporate governance and financial reporting brought about by Sarbanes-Oxley and then shows how a well-balanced functioning of the seven mechanisms produces a responsible corporate governance structure that ensures quality financial reporting and credible audit services. Each chapter includes checklists, real-world case studies, and best practice tips.
Acknowledgments. <p>Preface.</p> <p>Foreword.</p> <p><b>PART ONE:</b> <b>The Rise of Corporate Governance.</b></p> <p>CHAPTER 1: Financial Markets, Investor Confidence, and Corporate Governance.</p> <p>CHAPTER 2: Fundamentals of Corporate Governance.</p> <p><b>PART TWO:</b> <b>Functions of Corporate Governance.</b></p> <p>CHAPTER 3: Oversight Function.</p> <p>CHAPTER 4: Board Committees.</p> <p>CHAPTER 5: Managerial Function.</p> <p>CHAPTER 6: Compliance Function.</p> <p>CHAPTER 7: Internal Audit Function.</p> <p>CHAPTER 8: Advisory Function.</p> <p>CHAPTER 9: External Audit Function.</p> <p>CHAPTER 10: Monitoring Function.</p> <p><b>PART THREE:</b> <b>Contemporary Issues in Corporate Governance.</b></p> <p>CHAPTER 11: Corporate Governance in Private and Not-for-Profit Organizations.</p> <p>CHAPTER 12: Corporate Governance and Business Ethics.</p> <p>CHAPTER 13: Globalization, Technology, and Corporate Governance.</p> <p>CHAPTER 14: Corporate Governance Emerging Issues.</p> <p>Index.</p>
"The author identifies a broad range of participants and organizations that are examining a variety of corporate governance issues in a diverse range of settings. The book provides insight into this range of viewpoints and the respective frameworks within which these viewpoints are developed. This work aids the reader in basically "getting on top" of what is actually happening in corporate governance in a global sense." (<i>The CPA Journal</i>, February 2009) <p>"...this book provides a very good overview of CG’s (Corporate Governance) various aspects, emphasizing CG’s seven functions. It contains a large number of citations from both academic and professional literature. The book serves well its primary audience, practitioners, by presenting comprehensive coverage of CG regulations, requirements and processes in the post-SOX era." (<i>The International Journal of Accounting</i>, September 2008)</p>
<b>Zabihollah Rezaee</b> CPA, CFE, CIA, (Memphis TN) is the Thompson-Hill Chair of Excellence and Professor of Accountancy at the University of Memphis.  Professor Rezaee was recently nominated to serve on the Standing Advisory Group of the new Public Company Accounting Oversight Board (PCAOB) and has published over 135 articles in a variety of accounting and business journals, such as the <i>Journal of Accounting and Economics, Journal of Business, Finance and Accounting, Journal of Accountancy, Journal of Accounting, Auditing and Finance, Management Accountants, Internal Auditor, Advances in Accounting, Advances in Public Interest and Accounting,</i> and <i>Forensic Accounting.<br /></i>
<b>Corporate Governance Post-Sarbanes-Oxley: Regulations, Requirements, and Integrated Processes</b> <p>Corporate governance has been shaped by state and federal statutes, listing standards, and best practices. Good corporate governance is not an option but an obligation, if shareholder interest is to be protected. Now, thanks to the Sarbanes-Oxley Act (SOX)—which emerged as the government's response to the pervasive confidence and integrity crises—corporate boards are on call to transform their governance practices, improve investor confidence, and prevent fraud, scandals, and potential civil and criminal liability.</p> <p><i>Corporate Governance Post-Sarbanes-Oxley</i> introduces a corporate governance structure consisting of seven interrelated functions of oversight, managerial, compliance, internal audit, advisory, external audit, and monitoring. This authoritative guide thoroughly discusses the new requirements for corporate governance and financial reporting brought about by emerging corporate governance reforms including SOX, and:</p> <ul> <li> <p>Explains how a well-balanced functioning of the seven functions produces a responsible corporate governance structure that ensuresquality financial reporting and credible audit services</p> </li> <li> <p>Shows board members and company executives how to integrate an effective corporate governance model that satisfies the requirements of SOX and other recent regulatory changes</p> </li> <li> <p>Discusses implications of corporate governance reforms in creating sustainable shareholder value, protecting the interests of other stakeholders, and efficient functioning of the global capital markets</p> </li> <li> <p>Provides an abundance of practical aids including handy checklists, real-world case studies, best practice tips, and other useable chunks of "instant information"</p> </li> </ul> <p>The passage of SOX has brought about a fundamental shift in the way companies must govern themselves. <i>Corporate Governance Post-Sarbanes-Oxley</i> adopts an integrated approach to corporate governance that focuses on the value-increasing role of corporate governance participants, including the board of directors, management, auditors, financial advisers, legal counsel, standard-setting bodies and regulators, and investors.</p>
<p>Praise for Corporate Governance Post-Sarbanes-Oxley</p> <p>"This is an intelligent and well-organized text to governance issues raised in the post-Sarbanes-Oxley era. It is informative and easily approachable and will be of value to both the academic and professional community."</p> <p>—Charles Elson, Director of the Weinberg Center for Corporate Governance at the University of Delaware</p> <p>"Conflicts of interests and weak internal controls have surfaced as a continuing theme in recent corporate scandals where the independence of auditors and other gatekeepers was either completely lacking or significantly compromised. Dr. Rezaee's book makes a meaningful contribution that will assist the investing public in developing a better understanding of the importance of corporate governance, both now and in the future."</p> <p>—Cynthia L. Richson, President, Richson Consulting Group, LLC, and former director of Corporate Governance and attorney for the State of Wisconsin Investment Board</p> <p>"<i>Corporate Governance Post-Sarbanes-Oxley</i> offers one of the most comprehensive examinations available. Dr. Rezaee achieves an in-depth, thorough review of today's corporate governance landscape and provides a sound perspective for the reader. His systematic description offers a practical guide for any investor interested in the role of governance within the capital markets. An excellent book."</p> <p>—Michael McCauley, Director of Corporate Governance, Florida State Board of Administration (SBA)</p> <p><b>Today's corporate boards are in a fishbowl of scrutiny...</b></p> <p>Corporate governance is the most influential theme of the twenty-first century, having been transformed from a compliance requirement to a strategic business imperative integrated into the corporate culture. With media focus on the Enrons and WorldComs of the business world, the heat is on the corporate board to get on board with the SOX Act and invigorate its profile to its shareholders.</p> <p>Valuable for large or small corporate boards, <i>Corporate Governance Post-Sarbanes-Oxley</i> presents proactive methods for SOX implementation and contains best-practice tips, checklists, and case studies useful for equipping your corporate board toward a higher quality of control.</p> <p>This complete guide will reinforce your company's financial structure and reputation and show board directors, CEOs, CFOs, and audit committee members how to leverage the power and value of SOX requirements to move their corporate boards toward a higher quality of governance.</p>