I've had a rock in my boot about SOX from the getgo. I've seen it cost honest companies hundreds of thousands of dollars a year (if not more) and I'd sure like to nail it's butt on this one too but I don't want to jump to conclusions.
Not that it'll do any good. I doubt if 99 out of 100 people know what it is.
Sigh.
“Not that it’ll do any good. I doubt if 99 out of 100 people know what it is.”
Sardines-Octopus Act. Yeah...I know what it is. Fishy. ;)
Actually IMO it’s another of the often used ruse of Congressional Professionals as “do something now” reactionary legislation to passify the anxiety after the Enron debacle.
The costs are born by others, so they are free to do as they please.