The Enron effect and audit committees

Summarises the evidence from four studies written by New Zealand-based authors on the efficacy of financial reporting and auditing reforms implemented following the collapse of Enron in 2001, and in particular the requirement in the Sarbanes-Oxley Act (SOX) and in NZX and Securities Commission guidelines for the involvement of an audit committee (AC) which has at least one independent accounting expert on board. Source: National Library of New Zealand Te Puna Matauranga o Aotearoa, licensed by the Department of Internal Affairs for re-use under the Creative Commons Attribution 3.0 New Zealand Licence.