The Trust Buster

That's the point of the Sarbanes-Oxley Act: making sure investors can trust our financial statements. Of course, for anyone involved in Sarb-Ox compliance projects, it feels more like trust has been hanged, drawn, quartered, electrocuted, run over by a steamroller, then stood up against a wall and shot, just for good measure. With Sarb-Ox, it seems as if nobody in corporate America will ever be allowed to trust anyone ever again.

So there may not seem to be much comfort in the Sarb-Ox guidelines issued last week by the SEC. The agency's staff now says we can trust each other -- just a little bit.

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