Abstract :
This article examines America´s Sarbanes-Oxley Act which has a wide-ranging impact on the UK´s financial sector. The Act was established to ensure the eradication of fraudulent financial reporting. Specifically, it requires company executives, boards of directors and independent auditors to take certain actions to achieve greater corporate accountability and transparency and, importantly, to restore public trust in US business and corporate reporting.
Keywords :
accounting; auditing; commerce; legislation; UK financial sector; US Sarbanes-Oxley Act; boards of directors; business public trust; company executives; company financial legislation; corporate accountability; corporate reporting; corporate transparency; fraudulent financial reporting; independent auditors;
