The perception of Executives and other Employees on the answer to the Sarbanes-Oxley: case study of a subsidiary of the American auto industry established in Brazil

Abstract

To attend and obtain the systems and. internal controls mechanismsproposed by Sarbanes-Oxley certifications is actually a bigchallenge,for most of the multinational companies registered in SEC (USSecurities and Exchange Commission). This work has the objective ofcontributing to the analysis of this methodology, not only to attend thelaw but to reduce cost and generate value through the strengthen of theinternal control systems, turning them into animating value generationprocess mechanisms. So, the idea is to identify the main gaps in thetheory through the literature revision and a case study in order to puta question to the main deficiencies, strong points or contributionsthrough the evaluation of the noticed practices. Finally, we can saythat a a result of the research and the analyses made in. this case, thevast majority of executives and other employees recognize the benefitthat Sarbanes-Oxley Act has brought to the company searched. Alsorecognize that, although there is still necessity for systemic adequacyand infrastructure, it helps and reinforce reducing and controlling therisks. the system of internal controls in all areas of expertise. Theyapproach and understand that there is the need for a change in the otheremployees' culture to be inserted in the day-today routine as internalcontrols, attention to Sarbanes-Oxley and Corporate Governance, makingthe control cost smaller when compared to the benefits generated.