Do Compensation Committees Pay Attention to Section 404 Opinions of the Sarbanes-Oxley Act?

Material TypeArticleLanguageEnglish
TitleDo Compensation Committees Pay Attention to Section 404 Opinions of the Sarbanes-Oxley Act? Author(S)Audrey Wen-Hsin Hsu (Author)
Abstract  This study examines whether compensation committees adjust CEO/CFO compensation using the auditor opinions on internal control effectiveness (SOX 404 opinions), and whether the emphasis on internal controls depends on the level of compensation committees’ financial expertise. Following SOX 404, a firm's CEO and CFO are required to evaluate the effectiveness of internal controls over financial reporting ...Paginationp1240–1271
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Business Finance & Accounting  
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