Vintage Wishes Sarbanes-Oxley a Happy Fifth Birthday
Watch the Happy Birthday Sarbanes-Oxley Video
Sarbanes-Oxley Has Been A Pretty Clean Sweep;
Most Agree It's A Big Success
USA Today, July 29, 2007
Investors who got a midsummer haircut last week during the Dow's 735-point drop from 14,000 probably aren't singing Happy Birthday for the Sarbanes-Oxley Act, which is 5 years old today. But maybe they should be.
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Critics See Some Good From Sarbanes-Oxley
The Wall Street Journal, July 30, 2007
Invitrogen Corp. spent about $2.5 million and 10,000 hours of employees' time last year reviewing its inventory-counting procedures, computer-system access and other "internal controls." The checks, required by the Sarbanes-Oxley corporate-reform law, found small gaps in documentation but no hint of accounting fraud.
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Foley & Lardner Unveils Results of Fifth Annual Study Measuring Financial Impact of Sarbanes-Oxley on Public Companies
PR Newswire, July 30, 2007
For the fifth consecutive year, Foley & Lardner LLP will provide a unique glimpse into the financial impact Sarbanes-Oxley continues to have on public companies through its annual study on the cost of corporate governance reform.
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SEC chairman says he prefers no delay
in auditing rules for small companies
Forbes, July 30, 2007
The Securities and Exchange Commission is not planning to delay rules that will tighten auditing standards for small public companies that currently are not subject to Sarbanes-Oxley standards, SEC Chairman Christopher Cox said today.
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