Thursday, April 07, 2005 Ask nearly any business executive to name the biggest menace facing corporate America, and the answer is apt to be a number: "404." That refers to Section 404 of the Sarbanes-Oxley Act, which requires massive reporting by publicly held companies to prevent recurrences of WorldCom, Enron, Tyco and other scandals. For honest corporate officers, this is classic governmental over-regulation -- a dagger aimed at the heart of the U.S. economy.The implementation of 404 by the Securities and Exchange Commission (SEC) has created painful demands that drain corporations, large and small, of funds. Threat of the auditors Previous articles Directors face change in Europe
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