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April 20, 2005

Wall Street Journal on Sarbanes-Oxley

SarbOx has lots of problems. The cost-benefit ratio doesn't work, for one thing. Click through for WSJ editorial.

A WSJ editorial roundup (free) on the problems of SOX 404, apropos of an SEC Roundtable on this issue, makes many of the points that are in the Sarbanes-Oxley archive of this blog, and in my writings on this subject cited in these posts:

--the extra burden on smaller companies

--resulting going dark and delisting by small and foreign companies

--the fact that the main beneficiaries are the big accounting firms (see my recent response to Gordon Smith noting this)

 

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A SOX 404 roundup

Posted on April 20, 2005 07:24 PM by accoun250.
Filed in Office Max! under accounting.
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