Submitted by M. Mooradian, Feb 16, 2008 08:24

The primary thrust of the Sarbanes-Oxley Act is to instill internal controls over financial reporting and make management responsible for the numbers that they report. Also, in the context of that activity, examine those processes that contribute to financial reporting to ensure that those processes minimize the opportunity to commit fraud while executing them. Why Ms. Gelinas thinks that SOX should have prevented the sub-prime mess is beyond me as it was never designed to do that.

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