November 30, 2004
Sarbanes-Oxley Jumps Through First Court Hoop
When you think about it, it is rather a rhetorical question: Would you, as a CEO or CFO, want to make sure that your company had adequate internal controls to assure assets were safeguarded and that your operations actually worked as advertised? Or not? So it is great to see that the courts upheld the first challenge against the legislation with the HealthSouth ruling. Some things are vague such as managing people but does that make them impossible or something you should not do?
Come on now! Let's quit using the courts to try to dodge our responsibilities. Let's just do the right thing. Let's get back to good ethics in business.
For an excerpt on the first test, see here:
"In the first court test of the Sarbanes-Oxley Act - which requires top executives of public corporations to vouch for the financial reports of their companies - U.S. District Judge Karon O. Bowdre disagreed with Scrushy's argument that the act is unconstitutionally vague and should not be part of the indictment accusing him of a massive fraud at HealthSouth."
For the complete article, click here.
To learn how your organization can not only comply with Sarbanes-Oxley but receive operational improvements as part of the process, see www.issuescentral.com or call (416) 977-1496.
Come on now! Let's quit using the courts to try to dodge our responsibilities. Let's just do the right thing. Let's get back to good ethics in business.
For an excerpt on the first test, see here:
"In the first court test of the Sarbanes-Oxley Act - which requires top executives of public corporations to vouch for the financial reports of their companies - U.S. District Judge Karon O. Bowdre disagreed with Scrushy's argument that the act is unconstitutionally vague and should not be part of the indictment accusing him of a massive fraud at HealthSouth."
For the complete article, click here.
To learn how your organization can not only comply with Sarbanes-Oxley but receive operational improvements as part of the process, see www.issuescentral.com or call (416) 977-1496.
