Friday, March 11, 2005

Sarbanes, Oxley: Give Rules a Chance

Sen. Sarbanes warns of the threat of ''collective amnesia'' about the recent ''systemic breakdown'' in the financial markets, and Rep. Oxley points to ''sobering news'' about revelations of earnings smoothing. The two legislators whose names will forever be linked to the most dramatic overhaul of corporate governance rules urged their colleagues to resist efforts to revise some of the provisions.

Sen. Paul S. Sarbanes (D-Md.) and Rep. Michael G. Oxley (R-Ohio) told a Washington meeting of corporate lawyers that the 2002 law that bears their names has been a success, according to The Washington Post.

Sarbanes, Oxley: Give Rules a Chance

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Previous articles

Law on CEO Awareness on Trial With HealthSouth's Scrushy

Senator Paul Sarbanes and Representative Michael Oxley Claim Corporate Legislation Works

Time to reassess 404 compliance

Sarbanes-Oxley: The Whistleblower Provisions

Despite SOX Extension, CFOs Must Still File Internal-Control Certifications

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E-mail archiving and Sarbanes-Oxley: A chat with Mike Gundling

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