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May 15, 2005

Alan Greenspan Gives Sarbanes-Oxley (Faint) Praise

Someone in congress needs to re-think the cost-benefit ratio of SarBox:

Alan Greenspan, the Federal Reserve chairman, said on Sunday that the Sarbanes-Oxley Act, the legislation introduced in 2002 to improve corporate governance, had been surprisingly successful.... Mr Greenspan said there was scope for fine-tuning of the legislation. But he sounded a very different note to some business lobbyists, and some Bush administration officials, who have warned of excessive compliance costs and of the potential impact of the legislation on corporate risk-taking."I am...

 

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Alan Greenspan Gives Sarbanes-Oxley Praise-Faint Praise, but Praise

Posted on May 15, 2005 07:26 PM by accoun250.
Filed in Office Max! under accounting.
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