Resources for Sarbanes-Oxley (SOX)
Judge squashes challenge to Sarbanes-Oxley
www.gazette.net A federal appeals court in Washington, D.C., on Friday rejected a legal challenge to the Sarbanes-Oxley Act co-authored by former Maryland Sen. Paul S. Sarbanes.
The six-year-old law, which requires top executives of publicly traded companies to certify corporate financial statements and increases the level of auditing, has been criticized by some Maryland business executives for being too costly and unclear. Rockville real estate development company Bresler & Reiner recently delisted from the over-the-counter bulletin board regulated stock service due largely to the costs involved in complying with the law.
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