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SEC’s Cox says Sarbanes-Oxley tricky in practice

SEC’s Cox says Sarbanes-Oxley tricky in practice

by Rick Turoczy on May 12, 2006

Securities and Exchange Commission Chairman Christopher Cox said Wednesday that the controversial Sarbanes-Oxley law requiring strict corporate disclosure is a good idea, but has not always worked effectively in practice.

Top securities and accounting regulators said at a conference Wednesday they are open to suggestions about how to change the controversial corporate governance law that requires companies to prove they have systems in place to prevent accounting mistakes.

Speaking at the beginning of an all-day conference about the Sarbanes-Oxley Act, Cox said the agency has every intention of getting the law right “sooner rather than later.”
SEC’s Cox says Sarbanes-Oxley tricky in practice

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