A hard Act to follow
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 resources – may find some of the provisions hard to meet.
The Act’s complexity means the cost of putting it
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