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Reason Magazine on SOX

Ed Kless - 12/23/2008

In the January issue of Reason magazine, Brian Doherty assess the impact of Sarbanes-Oxley to date.

From the article, “… Sarbanes-Oxley is more harm than help. In a 2007 survey of professional fraud examiners, three-quarters said institutional fraud was more prevalent than before the law was passed.”

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Comments

Chad Bordeaux

As someone who worked first hand on SOX for several years, I can assure you that this is accurate.  SOX definately hurt my Company more than it helped it.  It didn’t necessarily lead to more fraud, but it did result in a lost of wasted resources.  And in the end, the risk of fraud was still the same.

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