Sarbanes-Oxley Costs Exceed Benefits 371
coondoggie writes "Two years of compliance with the Sarbanes-Oxley Act (SOX) have shored up corporate accounting practices - but with lopsided costs compared to benefits gained.
Bill Gradison, acting chairman of the Public Company Accounting Oversight Board (PCAOB), said that guidance the SEC issued last year and PCAOB's latest auditing standard may not be enough to clarify the rules that govern the reporting and auditing of internal controls. 'Based on the information we already have, it would seem that some further changes may be in order,' Gradison said."
In other news... (Score:1, Funny)
Oh no! (Score:1, Funny)
Sweet merciful crap, that's obviously a poorly designed bill.
I think you are confused. (Score:3, Funny)
404 (Score:4, Funny)
Re:Misleading summary (Score:3, Funny)
This is Slashdot, please return to using hyperbole, straw man arguments and ad hominem attacks.