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Business
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Number of pages / Number of words: |
5 / 1168 |
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The primary actor in implementing public policies in the United States is our bureaucracy, by that, we mean administrative agencies. Once Congress has enacted a public law and the president has signed it, the next step is for various administrative agencies to begin the process of implementation. Sarbanes-Oxley establishes a new quasi-public agency, the Public Company Accounting Oversight Board, or PCAOB, which is charged with overseeing, regulating, inspecting, and disciplining accounting firms in their roles as auditors of public companies...
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Sarbanes-Oxley establishes a new quasi-public agency, the Public Company Accounting Oversight Board, or PCAOB, which is charged with overseeing, regulating, inspecting, and disciplining accounting firms in their roles as auditors of public companies. PCAOB employed a "Command and Control Approach" technique for enforcement, which involves the use of mechanisms that are somewhat coercive, such as standard setting, inspection, and the imposition of sanctions on violators who fail to comply with the federal directive...
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