Archive for August, 2007



Investors who got a midsummer haircut last week during the Dow’s 735-point drop from 14,000 probably aren’t singing Happy Birthday for the Sarbanes-Oxley Act, which is 5 years old today. But maybe they should be.
If you think last week’s sell-off was bad, recall the summer of 2002. Enron had imploded, WorldCom admitted to fabricating billions […]

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While Sarbanes-Oxley Act compliance costs decreased overall in 2006, the out-of-pocket costs associated with compliance rose from 2005 to 2006, according to a study planned for release on Thursday.
Foley & Lardner’s fifth annual study measuring the financial impact of Sarbanes-Oxley on public companies finds that the cost of audit fees, board compensation, and legal fees […]

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As U.S. regulators and industry recognize Sarbanes-Oxley’s fifth year this July 30, most investors (57 percent) in a new survey by Pepperdine University’s Graziadio School of Business and Management believe the requirements imposed by the law, holding CEOs and senior management personally accountable for the accuracy of their companies’ financial disclosures, are about right, while […]

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