Wednesday, June 20, 2007
Financial chiefs hit out at Sarbox costs
Three-quarters of chief financial officers in the US believe that Sarbanes-Oxley should be “repealed or reformed” as the costs of the 2002 compliance law have outweighed the benefits, according to a survey released Thursday.
The findings underscore the scale of frustration over the costs associated with implementing Sarbox, even as regulators said this week that costs are expected to reduce as new guidelines for the law are finalised.
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