SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE
Autor(a) principal: | |
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Data de Publicação: | 2010 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1388 |
Resumo: | One of the main goals of the Sarbanes-Oxley Act (SOX) is the minimization of risks and a better management of the internal control of companies. Enacted in 2002, SOX brought a bigger need of information transparency, intensifying the search for the continuous improvement of internal controls and corporate governance. This study is aimed at analyzing the impact of SOX application on the internal controls and corporate governance within the Companhia Energética do Ceará (COELCE), which, since its shares are traded in the North American stock market, has to adapt itself to the internal controls and corporate governance standards required by SOX. The verification of its impact was done through a case study, including questionnaires and interviews with a group of the company's employees, along with a documental analysis that allowed the investigation of corporate processes before and after the implementation of SOX. The results obtained indicate that COELCE suffered a significant impact in its internal controls, since they were not adapted to SOX, and that the impact regarding corporate governance occurred, mostly, at the time of the company's privatization process, before the implementation of SOX. |
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SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCEIMPLEMENTAÇÃO DA LEI SARBANES-OXLEY E SEUS IMPACTOS NOS CONTROLES INTERNOS E NAS PRÁTICAS DE GOVERNANÇA CORPORATIVA: UM ESTUDO NA COMPANHIA ENERGÉTICA DO CEARÁ – COELCESarbanes-Oxley. Internal controls. Corporate governance.Sarbanes-Oxley. Controles Internos. Governança Corporativa. One of the main goals of the Sarbanes-Oxley Act (SOX) is the minimization of risks and a better management of the internal control of companies. Enacted in 2002, SOX brought a bigger need of information transparency, intensifying the search for the continuous improvement of internal controls and corporate governance. This study is aimed at analyzing the impact of SOX application on the internal controls and corporate governance within the Companhia Energética do Ceará (COELCE), which, since its shares are traded in the North American stock market, has to adapt itself to the internal controls and corporate governance standards required by SOX. The verification of its impact was done through a case study, including questionnaires and interviews with a group of the company's employees, along with a documental analysis that allowed the investigation of corporate processes before and after the implementation of SOX. The results obtained indicate that COELCE suffered a significant impact in its internal controls, since they were not adapted to SOX, and that the impact regarding corporate governance occurred, mostly, at the time of the company's privatization process, before the implementation of SOX.A Lei Sarbanes-Oxley (SOX) tem como um dos principais objetivos a minimização dos riscos e um melhor gerenciamento dos controles internos das empresas. Editada em 2002, a SOX trouxe uma maior necessidade de transparência das informações, intensificando a busca pela melhoria contínua nos aspectos de controles internos e governança corporativa das empresas. Este estudo tem por objetivo analisar os impactos da aplicação da SOX nos controles internos e nas práticas de governança corporativa da Companhia Energética do Ceará, a COELCE, que, por possuir ações negociadas no mercado norte-americano, deve adequar-se às práticas de governança corporativa e controles internos requeridas pela SOX. A verificação dos impactos deu-se por meio de um estudo de caso, com aplicação de questionários e realização de entrevistas com um grupo de colaboradores da empresa, associada à análise de documentos que possibilitaram investigar os processos da empresa antes e depois da implementação da SOX. Os resultados obtidos indicam que a COELCE teve impactos relevantes em seus controles internos, já que estes não estavam adequados à SOX, e que os impactos no tocante às práticas de governança corporativa ocorreram, principalmente, à época do processo de privatização da empresa, antes da implementação da SOX na empresa.Universidade Regional de Blumenau2010-11-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/138810.4270/ruc.20106Revista Universo Contábil; v. 6 n. 4 (2010); 50-671809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1388/1422Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessCarioca, Karla Jeanny FalcãoDe Luca, Márcia Martins MendesPonte, Vera Maria Rodrigues2011-03-21T14:55:01Zoai:ojs.bu.furb.br:article/1388Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2011-03-21T14:55:01Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE IMPLEMENTAÇÃO DA LEI SARBANES-OXLEY E SEUS IMPACTOS NOS CONTROLES INTERNOS E NAS PRÁTICAS DE GOVERNANÇA CORPORATIVA: UM ESTUDO NA COMPANHIA ENERGÉTICA DO CEARÁ – COELCE |
title |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE |
spellingShingle |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE Carioca, Karla Jeanny Falcão Sarbanes-Oxley. Internal controls. Corporate governance. Sarbanes-Oxley. Controles Internos. Governança Corporativa. |
title_short |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE |
title_full |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE |
title_fullStr |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE |
title_full_unstemmed |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE |
title_sort |
SARBANES-OXLEY ACT IMPLEMENTATION AND ITS IMPACT ON THE INTERNAL CONTROLS AND CORPORATE GOVERNANCE PRACTICES: A STUDY ON THE COMPANHIA ENERGÉTICA DO CEARà – COELCE |
author |
Carioca, Karla Jeanny Falcão |
author_facet |
Carioca, Karla Jeanny Falcão De Luca, Márcia Martins Mendes Ponte, Vera Maria Rodrigues |
author_role |
author |
author2 |
De Luca, Márcia Martins Mendes Ponte, Vera Maria Rodrigues |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Carioca, Karla Jeanny Falcão De Luca, Márcia Martins Mendes Ponte, Vera Maria Rodrigues |
dc.subject.por.fl_str_mv |
Sarbanes-Oxley. Internal controls. Corporate governance. Sarbanes-Oxley. Controles Internos. Governança Corporativa. |
topic |
Sarbanes-Oxley. Internal controls. Corporate governance. Sarbanes-Oxley. Controles Internos. Governança Corporativa. |
description |
One of the main goals of the Sarbanes-Oxley Act (SOX) is the minimization of risks and a better management of the internal control of companies. Enacted in 2002, SOX brought a bigger need of information transparency, intensifying the search for the continuous improvement of internal controls and corporate governance. This study is aimed at analyzing the impact of SOX application on the internal controls and corporate governance within the Companhia Energética do Ceará (COELCE), which, since its shares are traded in the North American stock market, has to adapt itself to the internal controls and corporate governance standards required by SOX. The verification of its impact was done through a case study, including questionnaires and interviews with a group of the company's employees, along with a documental analysis that allowed the investigation of corporate processes before and after the implementation of SOX. The results obtained indicate that COELCE suffered a significant impact in its internal controls, since they were not adapted to SOX, and that the impact regarding corporate governance occurred, mostly, at the time of the company's privatization process, before the implementation of SOX. |
publishDate |
2010 |
dc.date.none.fl_str_mv |
2010-11-28 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1388 10.4270/ruc.20106 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1388 |
identifier_str_mv |
10.4270/ruc.20106 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1388/1422 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 6 n. 4 (2010); 50-67 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
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1798945115394277376 |