Thursday, June 15, 2006 Schwarzman called Sarbanes-Oxley, named after the politicians who sponsored it, a well intentioned response to corporate excess. But certain elements of the law, particularly Section 404 that requires companies and outside auditors to confirm effectiveness of internal accounting controls, cause enormous burdens and prompt companies to be "fearful," Schwarzman said. Blackstone boss bashes Sarbanes-Oxley Act Previous articles IFRS Readiness - Thank You Sarbanes Oxley
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