Study Says Sarbox Sneaks into UK Firms via Supply Chains

Lora Bentley

Companies in the UK that are not listed on U.S. exchanges and are not U.S. subsidiaries may not be amused by the Sarbanes-Oxley woes plaguing U.S. finance officers much longer, according to blogger Richard Edwards. They may soon have Sarbox compliance woes of their own.

 

Citing new research from Henley Management College, Edwards points out that as many as 9,000 UK companies will soon be subject to the rigorous financial reporting law through their supply chains.

 

Notwithstanding that compliance is an "economic restraint," the researchers say, companies that meet the requirements will likely gain competitive advantage, not to mention highly improved supply chain management.



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