Sarbox Costs: They Are What They Are
Thursday, November 1st, 2007Sarbanes-Oxley costs are a part of doing business in this country. Costs will never go down to nothing, one observer says. Companies that can’t deal with them should go private. Are you ready for the 12/15/2007 Deadline?
MORE NEWS
Sarbox: ‘Get over It’ Says CFA’s Schacht :: Financial Week
No Sarbox Protection for Whistleblowers? :: WebCPA
Accounting Regulator Finds Small-Company Audits Inadequate :: law.com
TJX Credit Breach Looms Larger :: The Washington Post
From ITBusinessEdge.com - Lora Bentley’s Blog –> CFA’s Kurt Schacht says companies that are waiting for Sarbanes-Oxley costs to erode to nothing need to get over it. Compliance with Sarbanes-Oxley is costly, he admits, but the markets are better off with Sarbox than without it. So public companies that are concerned about the cost burden should find a way to deal with it or consider going private. Kind of like gas prices right now. No one likes how high they are, but we pay them anyway. And if we can’t, we don’t drive. Readers say the analogy is oversimplified and unreasonable, and they have a right to the opinion. But that doesn’t change the fact that public companies have to bear the cost of being public, whatever that turns out to be. READ MORE
Posted in Sarbanes Oxley | No Comments »
