Three Years Later, Sarbanes-Oxley Still Hotly Debated

Law360, New York (November 11, 2005, 12:00 AM EST) -- The Sarbanes-Oxley Act was passed with great fanfare and strong expectations in financially tumultuous 2002. However, it is difficult for experts to agree whether it has been effective at stemming the shady boardroom fraud that gave birth to the Act or is simply creating extra work for honest corporations.

Sarbanes-Oxley was penned to protect investors by improving accuracy and reliability of corporate disclosures. It triggered major changes to compliance rules for more than three-quarters of the largest multinational companies in the United States. Corporate executives, board...
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