The Role of Sox Act in Enhancing the Internal Control Systems of Kurdistan Banks

International Conference on Accounting, Business, Economics and Politics proceedings (2018)

13 Pages Posted: 16 May 2018

Date Written: April 16, 2018

Abstract

This Paper aims to present the role of Sarbanes-Oxley Act (SOX) in enhancing the Internal Control (IC) systems in banks, and to explain cons and pros of applying the act in developing countries.

The researchers display main topics of SOX Act, the possibilities for applying it in developing countries, and its impacts on IC system of banks.

They measured the role of SOX Act by distributing 50 questionnaires on a random group of bank's managers, and accountants in banks of Kurdistan. The questionnaires are analyzed by two statistical tools (Lean Diagnoses Tool and Fuzzy Logic) to get reliable information about the role of SOX Act in enhancing the IC systems in banks.

The researchers conclude that applying SOX Act in banks will make the IC systems in banks of developing countries stronger, and will provide managers and shareholders with high quality reports about IC systems in the banks.

Keywords: SOX Act, IC Systems, Banks of Kurdistan, LDT, and Fuzzy Logic

Suggested Citation

Thabit, Thabit and Solaimanzadah, Alan, The Role of Sox Act in Enhancing the Internal Control Systems of Kurdistan Banks (April 16, 2018). International Conference on Accounting, Business, Economics and Politics proceedings (2018), Available at SSRN: https://ssrn.com/abstract=3171693

Thabit Thabit (Contact Author)

Ninevah University ( email )

Al-Majmoaa St.
Mosul, Ninevah 41002
Iraq

Alan Solaimanzadah

Cihan University ( email )

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
51
Abstract Views
1,143
rank
453,984
PlumX Metrics