.... Originality/value This paper provides timely guidance from experts approaching the issues from multiple disciplines – law, accounting, and financial analysis – to yield a comprehensive analysis of the position of all parties to the transaction. Roger Lorence can be contacted at: rogerdlorence@aol.com...

.... Originality/value By utilizing a law and economics perspective, the paper more clearly demonstrates how Section 404 is an example of over‐regulation and draws links to the current economic crisis. The Public Company Accounting Oversight Board, created under SOX, defines internal control over financial...