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SOX for you but not for me?

SOX for you but not for me?

by Rick Turoczy on April 23, 2006

Companies in the USA have used their financial muscle to sue the government to have Sarbanes-Oxley stricken and have lobbied lawmakers to have the act watered down. Given the power of money it is hardly surprising that they now have an important committee on their side, but it ought to be surprising when you know where the committee resides. An advisory committee of the all-powerful Securities and Exchange Commission has recommended that 80 per cent of publicly listed companies in the USA should be relieved from the responsibility of identifying and fixing “holes” in the corporate governance and auditing process that could lead to major errors or fraud.

SOX for you but not for me?

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