A frequent question from accounting and other students is the impact of the Sarbanes-Oxley Act. Yesterday, the U.S. House of Representatives' Committee on Financial Services had a hearing on "The Impact of the Sarbanes-Oxley Act". Testimony was given by the Chairman of the Securities and Exchange Commission, William H. Donaldson, and the Chairman of the Public Company Accounting Oversight Board, William J. McDonough. For the testimony, and other information on the hearing, please see: http://financialservices.house.gov/hearings.asp?formmode=detail&hearing=376.
There are many articles and studies being done on the impact of this law. However, not all the articles use "impact." As you work with the students, ask them if they want to focus on a particular aspect of implementing the law. Section 404, dealing with compliance, has a great deal written about it.
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