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Sarbox changes welcomed but imitators abound

Sarbox changes welcomed but imitators abound

by Toby Lucich on April 16, 2007

arewell, Hotel California. This week’s decision by US regulators to make it easier for foreign companies to escape Sarbanes-Oxley when they delist from a US stock exchange will be welcomed by many companies that had complained the rules meant you could – in the words of the Eagles song – “check out any time you like, but you can never leave”.

But is Sarbox all bad? The US has sustained a barrage of criticism for introducing a law, whose Section 404 provision on internal and auditor checks was seen as one of the most intrusive, and costly, measures ever foisted on corporate executives.

Sarbox changes welcomed but imitators abound

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