Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Sarbanes-Oxley: Legislating in Haste, Repenting in Leisure by Stephen Bainbridge

Sarbanes-Oxley: Legislating in Haste, Repenting in Leisure by Stephen Bainbridge

by Rick Turoczy on June 16, 2006

This essay was prepared for presentation as a lecture to the Hoover Institution. In it, I focus on three areas in which the Public Company Accounting Reform and Investor Protection Act, popularly known as the Sarbanes-Oxley Act (SOX), has proven especially problematic. First, the legal ethics rules added to the Act at the last minute have proven incapable of dealing with the incentives that condition lawyers to turn a blind eye to client misconduct. Second, the structure Congress chose for the Public Company Accounting Oversight Board (PCAOB), the accounting oversight board created by SOX, turns out to have serious constitutional defects.

Sarbanes-Oxley: Legislating in Haste, Repenting in Leisure by Stephen Bainbridge

Leave a Comment

Previous post:

Next post: