Efforts to roll back some of the costliest and most controversial provisions of a 2002 corporate reform law gained steam recently as securities and accounting regulators said they were open to suggestions on how to change the rules that govern accounting disclosure.
Prominent business leaders urged the Securities and Exchange Commission to relax the rules of the Sarbanes-Oxley Act, or SOX — passed by Congress four years ago to restore investor confidence in the wake of a series of accounting scandals — at a May 10 roundtable hosted by the commission and the Public Company Accounting Oversight Board. They argued that the cost of complying with the law outweighs its benefits, detailing widespread unease with certain of its provisions.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
