Is SOX reform about to take off?

GIVEN the palpable anger and frustration that the Sarbanes-Oxley Act (SOX) has stirred up in the US business community in the past few years, it is easy to forget that the law was passed relatively smoothly, with little opposition from US corporations.

Back in 2002, with the US still reeling from the raft of accounting scandals that had broken the previous year, the law appeared to be another irritating regulation to which firms would have to comply, but a relatively benign one. Yet the law, and

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