In the past, I have talked about how Michael Oxley cashed in on his role as Sarbox co-author. First, he joined a law firm to help companies get around the law, then he becomes Nasdaq...

Sarbanes-Oxley compliance costs might have levelled off but other costs are increasing at a fierce rate, according to a survey released by lawyers Foley & Lardner.Costs have gone up because of...

Sarbanes-Oxley has been slated by business, lawyers and accountants. Not without some justification.But what about the people the law was supposedly brought in to protect? According to two surveys,...

At the beginning of the month, I did a blog entry looking at the fifth anniversary of Sarbanes-Oxley.To mark the occasion, CFO Europe has released a survey showing that three out of four US CFOs and...

In recent months, I have looked at how Sarbanes-Oxley's co-writer Michael Oxley has joined a law firm to help companies get around Sarbox, taken on another paid gig at Nasdaq and blamed the...

With Enron and WorldCom fading from memory and their perpetrators behind bars, the members of the Securities and Exchange Commission are being accused of tilting toward business interests and away...

It's party time. July marks the fifth anniversary of the passage of Sarbanes-Oxley and preparations are underway to mark the occasion.The Center for Audit Quality has announced it's holding a...

There is no doubt that Section 404, the section of Sarbanes-Oxley that requires documentation of compliance systems, has added significant costs, disproportionately hurting smaller companies. Since...

It certainly does, according to a new University of Pittsburgh study.The study, Sarbanes-Oxley and Corporate Risk-Taking , found that many US companies starting hoarding cash instead of developing...

Sarbanes-Oxley might have made boards larger and more independent but it's also made them more expensive.A University of Georgia study, which drew on data of more than 8000 firms of various sizes...

Nearly five years ago, Congress rushed through the sarbanes-oxley legislation. The aim was to clamp down on fraud and restore investor confidence.Now new figures show how badly it failed.Despite...

If we needed any further evidence that Sarbanes-Oxley was of not much use to whistleblowers, it came last week when the first person to win whistleblower protection under SOX ended up losing his...

The Securities and Exchange Commission looks like holding firm to its December 15 deadline for small public companies to comply with Section 404 of Sarbanes-Oxley, reports the Los Angeles Times.More...

In the past. I have looked at the shortcomings of Sarbanes-Oxley in relation to whistleblowers here and hereA recent paper from Richard Moberly sheds light on why the Act does not deliver.The paper,...

Earlier this year, I did a blog entry looking at how Sarbanes-Oxley was close to useless in protecting whistleblowers.So how do solve the problem? One school of thought is to provide financial...

After years of pressure, chest-beating and hand-wringing from business, not to mention heat coming from Congress and the Bush administration, the board that polices auditors has finally relaxed its...

Mixed news coming out from Financial Executives International showing that Section 404 compliance costs with Sarbanes-Oxley are headed south. Well, kind of.According to the press release, total...

At the end of last year, we had the Hank Paulson-backed Interim Report of the Committee for Capital Markets Regulation recommending watering down Sarbanes-Oxley. I looked at that here.Then earlier...

By a vote of 62-35, the US Senate has rejected an attempt to water down Sarbanes-Oxley.The move to neutralise Sarbox was done through the back door, in the form of an amendment put up Republican Jim...