Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Size does matter: SOX Under Siege

Size does matter: SOX Under Siege

by Rick Turoczy on March 14, 2006

Former Enron chairman Ken Lay may just be starting his long day in court, but the Sarbanes-Oxley Act, which Enron, WorldCom, and other scandals inspired, is still under fire four years after it became law.

One lawsuit filed February 7 by the Washington, D.C.-based Free Enterprise Fund—a group represented by ex-independent counsel Kenneth Starr—challenges the constitutionality of the law mandating how listed companies govern themselves, particularly provisions on the accounting of public companies.

The suit is just one of a number of efforts to either overturn Sarbanes-Oxley or change how it is enforced. Pressure has been mounting for a year on the U.S. Securities and Exchange Commission to alter how it enforces corporate governance rules, particularly on smaller public companies—some complaints coming from within the SEC itself.

Size does matter: SOX Under Siege

Leave a Comment

Previous post:

Next post: