Expensive SOX complaints

SOX (Sarbanes-Oxley) was put in place in the US in an attempt to stop corporate financial scandals. The legislation is complex and the penalties for non-compliance are significant. The basic concept is to have "controls" in place to reduce the chances of financial error, whether intentional or unintentional. ZDNet has an article about companies complaining how much money SOX costs. Some over $1 billion.

While the goal is a good one - we have to wonder if SOX is another sledgehammer to kill a fly response.

Read the ZDNet article

GeneralDavid Canton