The improvement of corporate governance and financial reporting by SOX should add the following benefits except: Improve...
The improvement of corporate governance and financial reporting by SOX should add the following benefits except:
Improved investor confidence.
Increased firm value.
Decreased cost of capital.
Increased audit fees.
Homework Answers
| The improvement of corporate governance and financial reporting by SOX (Sarbanes Oxley Act) adds Improved investor confidence,Increases firm's overall value and Decreased cost of capital. |
| It acts as a watchdog against any wrongdoing and improves the overall conduct in an organization. |
| Increased audit fees is not a benefit of financial reporting by SOX |
| Option D is correct |
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