Chief Executive - Unintended Consequences

It was meant to help, but Sarbox is wreaking havoc on the bottom line. Will CEOs take it laying down-or push back? BY C.J. PRINCE

To the architects of the Sarbanes-Oxley Act, the sweeping reform was a quick cure-all for what was ailing Corporate America’s moral structure. But as public companies struggled to get their hands around compliance, and particularly onerous Section 404 requirements by the December deadline, they’ve shelled out millions of dollars to auditors, accountants and consultants. There seems little argument that the pendulum has swung too far.

See full Article.