Stop tweaking SOX, says PCAOB
Filed in archive SOX by leon on February 20, 2007

Niemeier said: "I don't believe that 'regulation-light' is an answer ... If we start tweaking, are we putting at risk the one thing that gives us a true competitive advantage in the world?"
So there we have it: making Sarbanes-Oxley more user-friendly for smaller companies is "regulation-light" and that's not on, says the PCAOB.
Of course, the PCAOB has come out fighting when it has its own battles.
First, it's fighting a lawsuit challenging its constitutionality, a court action that could potentially take SOX down.
The beancounter watchdog has also been slated by the Securities and Exchange Commission for imposing excessive rule-making on corporate America, reports CFO.com.
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