Book

Description

The institutional mechanisms for the development and administration of the US Generally Accepted Accounting Principles (GAAP) are a complex governance architecture involving both public and private sector entities that have evolved over a period of almost 90 years. The Sarbanes Oxley Act of 2002 is the most significant overhaul of the financial institutional regulatory regime since the Securities Exchange Act of 1934, which provided the basis for establishing the Securities and Exchange Commission (SEC). The collection of five articles in this book represents impactful work, including a seminal paper by the authors on the SEC’s governance of the registrants in ensuring compliance with GAAP. Our best hope is that this collection of papers will provide a handy reference book for the students, instructors, researchers, regulators, and market participants who are interested in a better understanding of the scope and impact of the SEC’s enforcement actions in ensuring compliance and integrity of the financial disclosure regime.