Sarbanes-Oxley compliance far from a science

When Congress passed the Sarbanes-Oxley financial disclosure act in 2002, it was largely in response to the accounting scandals at public companies like Enron, WorldCom and Tyco.

Now, three years later, public companies have dealt with the massive undertaking of painstakingly documenting their internal accounting controls and verifying that their chief financial officials have verified the numbers to be accurate. Simply, they have to be able to prove the solidity of their numbers and assure the public that an accounting problem of the magnitude of Enron isn’t on the horizon.

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