Letter From the Editor

• Published date: 01 September 2017
• Author: James B. Edwards
• DOI: http://doi.org/10.1002/jcaf.22296
• Date: 01 September 2017

5

© 2017 Wiley Periodicals, Inc.

Published online in Wiley Online Library (wileyonlinelibrary.com).

DOI 10.1002/jcaf.22296

Letter From the Editor

Dear JCAF Reader,

It is encouraging to observe

that the Journal of Corpo-

rate Accounting and Finance

provides articles dealing with

multinational issues and devel-

opments. There are some who

believe that well-managed, ethi-

cal, multinational companies

have an opportunity to become

better agents for promoting

widespread international eco-

nomic prosperity than govern-

ments. Governments are limited

by the boundaries of jurisdic-

tions that are parochial in their

reach to affect activities outside

their domain. Most interna-

tional companies bring invest-

ments, products, jobs, and so

on that enhance the economic

well-being in a new venue with-

out imposing conditions upon

the local population.

I invite and encourage read-

ers and authors from all over

the world to submit articles

and commentaries dealing with

global economic issues and

solutions. All submissions to

JCAF must be in the English

language through the portal

at mc.manuscriptcentral.com/

JCAF. Submitters simply setup

a personal account and use this

pathway to JCAF.

If you wish to suggest top-

ics that you would like someone

to address, you may contact the

editor-in-chief at jcaf

.editor.edwards@gmail.com.

We are especially interested in

new ideas and topics from all

regions of the world.

CURRENT DEVELOPMENTS

SCENE

Press Release

Investor Advocates Join

Center for Audit Qual-

ity in Calls to Preserve

a Key Provision of the

Sarbanes-Oxley Act

New surveys show

financial advisors and

CFOs agree the 2002

law has improved reli-

ability of financial

information

Washington, DC—

In a joint letter to House

Financial Services Com-

mittee leadership, the

Center for Audit Quality

(CAQ), Council of Insti-

tutional Investors (CII),

and CFA Institute today

expressed shared oppo-

sition to any legislation

that would erode Sec-

tion 404(b) of the Sar-

banes Oxley-Act (SOX)

or that would revise the

definition of accelerated

filer as defined in Secu-

rities Exchange Act of

1934.

The letter, sent

ahead of the House

Financial Services

Committee’s scheduled

May 2 markup of the

Financial CHOICE Act

2017 Discussion Draft,

outlines the many ben-

efits for companies that

meet the current defi-

nition. These benefits

include enhanced investor

and market confidence

in financial informa-

tion that is among

other things, timely and

verified independently

which research shows,

in turn, can lead to

lower cost of capital.

“We commend

efforts to strengthen

the US economy and

help companies raise

capital; however, we

do not believe Section

404(b) of SOX is a

regulatory burden or

impediment to capital

formation. In fact, we

refer you to academic

research that indicates

that any increase in the

public float threshold

would not spur capital

formation, and could

have the unintended

consequence of erod-

ing investor confidence

and the quality of