SOX Center

Rep. Barney Frank (D-Mass.) yesterday held out an olive branch to business interests, announcing that he would be open to cooperating on trade, immigration and outsourcing if industry gave ground on union drives, health-care reforms and minimum-wage proposals.
At a briefing to introduce his legislative agenda, Frank, the incoming chairman of the House Financial Services Committee, […]

SEC officials are reviewing an accounting rule, which has been criticised by business groups as overly expensive.
For two weeks, SEC officials and the board that oversees the audit industry have been meeting and exchanging documents about the rule, which requires accountants to review corporate financial controls.
But SEC chairman, Christopher Cox,said an agreement remains days away, […]