Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
FreedomWorks: Heritage Panel Discusses SOX Reform

FreedomWorks: Heritage Panel Discusses SOX Reform

by Rick Turoczy on June 28, 2006

Yesterday, Rep. Tom Feeney (R-FL), along with Alex Pollack of AEI and David John of Heritage, spoke at the Heritage Foundation on reforming the Sarbanes-Oxley Act (SOX). Passed in the wake of the Enron and WorldCom scandals, the goal of SOX is to tighten corporate governance and remedy the problem of moral hazard in corporations. While most of SOX has proven useful and effective, Feeney identifies Section 404 as the problem. In 404, companies are required to conduct separate comprehensive internal and external audits yearly. Additionally, the outside auditors have interpreted their role as being able to make suggestions about 404 compliance but not being able to explicity tell a company whether or not they comply.

FreedomWorks: Heritage Panel Discusses SOX Reform

Leave a Comment

Previous post:

Next post: