Role of Financial Managers

Paper Summary:

This paper deals with the new role of financial managers since Sarbanes Oxley. Changes have occurred to ensure that investors are assured that the information they are given is trustworthy.

From the Paper:

"In the aftermath of corporate scandals, companies have been scrambling to improve their corporate image and increase the reliability and trust-worthiness of their stock. Fortunately, investors do not have to rely on company promises alone and as such the Sarbanes-Oxley Act of 2002 was enacted to enforce truthful and accurate accounting practices for all companies (Duffy, 2004, p. 43). Due to these changes, investing has also been affected. The fund managers and CPAs have been held more accountable, if not by law, but by their clientele. Their clients expect them to go an additional step and secure that they are investing in companies that do not participate in fraudulent activities. Therefore ethics are now playing a role in the financial manager's job, more so than ever before. Many feel that this is a positive change especially for those whose still fear the worst."

More papers on Role of Financial Managers:

• Analytical Essay # 55430 : "Financial Managers and Accountants"
• Comparison Essay # 55753 : "Financial Managers and CEOs"
• Essay # 72225 : "Role of the Financial Manager"

APA Citation:

MLA Citation: