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International cash management choices and SOX
Author(s) -
Le Guyader Louis P.
Publication year - 2006
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20260
Subject(s) - issuer , currency , multinational corporation , corporation , business , cash , cash management , accounting , cash flow , finance , economics , monetary economics
When a multinational corporation that is an SEC issuer confronts the need to operate in different currency environments, the cash management question is simple: “In which currency should I settle my accounts?” The Sarbanes‐Oxley Act (SOX) makes such cash management considerations immediate priorities of the certifying CEO and CFO. And the corporation faces several strategic choices. © 2006 Wiley Periodicals, Inc.