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Sell Sarbanes-Oxley

Submitted by Richard Walega, Aug 27, 2008 07:50

SOX is much like the 1964 Civil Rights Act...we all heard how we couldn't legislate morality, etc. etc. Now we hear that SOX's objectives are harmful. Corporate accountants may not, in their hearts be honest, nor do they have to be. But SOX guarantees their reports WILL pass muster for providing a true reading of financial condition for the investing public. That's what counts, not whether corporate America likes the law.


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Comment By Date

The point of all this is that Congress violated their boundaries under the Constitution. While the results may have been... [MORE]

Dan 

Sep 4, 2008 16:59

SOX is much like the 1964 Civil Rights Act...we all heard how we couldn't legislate morality, etc. etc. Now we...

Richard Walega 

Aug 27, 2008 07:50

I guess if you can't make money the old fashioned way, the only thing to do is scuttle Sarbanes Oxley... [MORE]

MLF 

Aug 26, 2008 18:41

Outstanding editorial. SOX is a violation of the rights of businessmen. They are presumed guilty before they even act under... [MORE]

WFM 

Aug 26, 2008 14:22

Sarbanes-Oxley has been a disaster. The economy has been weak ever since it was passed. The 20-year sentences for nonviolent... [MORE]

John F. 

Aug 26, 2008 13:40

This is good news. SOX is an overreach of gov't power. All the illegal activity that spurred SOX were caught... [MORE]

Karl 

Aug 26, 2008 12:33

Sarbanes Oxley always was a sickly white elephant. Put it out of its misery. It's a prime example of big... [MORE]

urban coyote 

Aug 26, 2008 12:23

No way. The repeal of Sarbanes-Oxley would encourage greater foreign investment and help out our dollar! But I am one... [MORE]

Richard 

Aug 26, 2008 12:10

Sorry can't concur with this article. Sarbanes Oxley is the best law to hit the books in the last 30... [MORE]

chet 

Aug 26, 2008 09:17

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