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A hard Act to follow

The final piece of the Sarbanes-Oxley Act – section 404 – falls into place this month, requiring internal control reports. While the Act may go some way to restoring investor confidence, it is costing energy companies dear, finds Kevin Foster

In the year since the Sarbanes-Oxley Act came into force, companies have scrambled to comply with a raft of new provisions. The Act is designed to stamp out fraud and restore the faith of the US public in corporate America, following the collapse of Enron and the allegations of financial wrongdoing levelled at some of its executives. But many companies – especially those with limited

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