Earlier this month, I did a blog entry explaining why Sarbanes-Oxley was unlikely to get overhauled in the near future. Simply put, businesses and auditors are getting used to it and getting rid of it, or at least changing it, doesn't play politically when you have a war, health care costs and a volatile market convulsing with subprime problems.

Added to that now is the Compliance Week report showing that material weaknesses have plunged and there are fewer restatements from large companies. And the 2007 Protiviti Risk Barometer shows that businesses are getting better at identifying business risks, even if they still have some way to go. So with companies learning the ropes, it means there will be less heat on lawmakers to overhaul it.

That doesn't mean public companies like Sarbanes-Oxley. but it does suggest there is less pressure to drop it.