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Sarbanes-Oxley flexibility: Too little too late

Sarbanes-Oxley flexibility: Too little too late

by Toby Lucich on October 10, 2007

You know a government regulation is seriously out-of-whack when even the SEC begins to backpedal. That’s the case with Sarbanes Oxley, the corporate governance act that’s placed an extraordinary financial burden on small-to-medium electronics firms thinking of going public.

The SEC recently issued a new auditing standard for Sarbanes Oxley intended to “reduce unnecessary costs, especially for smaller public companies,” according to SEC Chairman Chris Cox. Unfortunately, experts who work closely with electronics startups see the standard as more of a band-aid than a panacea, when it comes to encouraging industrywide innovation.

Sarbanes-Oxley flexibility: Too little too late

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