Resources for Sarbanes-Oxley (SOX)

End, Don't Mend, Sarbanes-Oxley

Newsbyus

In response to a request by a group of business lobbyists to amend some portions of the controversial Sarbanes-Oxley accounting law, SEC chairman Christopher Cox has come out in favor of preserving the law as is. Alex Epstein, a junior fellow, at the Ayn Rand Institute, says both sides are wrong. “Sabanes-Oxley should be neither amended nor preserved. It is a fundamentally corrupt law that should be repealed."Why have executives been complaining about the horrors of Sarbanes-Oxley for four-and-a-half years? Not because they are cheats who want to get away with accounting fraud, but because the law treats them as if they are--as guilty until proven innocent. In the name of scaring CEOs straight, Sarbanes-Oxley holds them criminally liable for any ‘unfair’ accounting by any employee in their company--and gives the government incredible latitude to determine what ‘unfair’ means.

View the Resource

Share or bookmarklet this web page at: