Sunday, January 14, 2007 At the start of the decade, in the wake of several high-profile accounting scandals, including Enron and WorldCom, legislators crafted a series of oversight guidelines, most notably the Sarbanes-Oxley Act. Sarbanes-Oxley established strict accounting controls for all public companies and accounting firms. Some insist the costly procedures have deterred private companies from going public, while causing increased grumblings from those subjected to its measures. Legal community expects Sarbanes-Oxley, executive pay reviews in coming yearPrevious articles Rollback of Sarbanes-Oxley law would hurt U.S. inv...
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