Readers Respond: Sarbanes-Oxley: In Search of Payback
SarbOx was created to limit the damage caused by the Public Securities Litigation Reform Act of 1995 which (as believed by many experts) set the stage for Enron-type reporting fraud.
While that law benefited corporate bottom lines immensely, the cost to investors was in the billions of dollars. If SarbOx prevents such fraud and losses in the future, then the benefits intended will have been achieved and any benefit to corporations will be greatly appreciated icing on the cake.
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