December 08, 2004
Former SEC Chief Discusses Sarbanes-Oxley Benefits
Arthur Levitt asks public companies to compare the costs of managing internal controls properly compared to the costs of restatements of earnings, not to mention the effect on market confidence in a company when it is deemed that a company's reporting is unreliable.
An excerpt from a speech is here:
"Sarbanes-Oxley has been the major factor in restoring public confidence to our markets."And he called the costs of complying minor compared with the occasional need by firms with lax internal controls to restate their financial reports." says Arthur Levitt, former SEC Chief from 1993-2001. For the complete article, click here.
For information on how to comply with Sarbanes-Oxley effectively and affordably, see www.issuescentral.com to learn more about the Sarbanes-Oxley Compliance Playbook(tm).
An excerpt from a speech is here:
"Sarbanes-Oxley has been the major factor in restoring public confidence to our markets."And he called the costs of complying minor compared with the occasional need by firms with lax internal controls to restate their financial reports." says Arthur Levitt, former SEC Chief from 1993-2001. For the complete article, click here.
For information on how to comply with Sarbanes-Oxley effectively and affordably, see www.issuescentral.com to learn more about the Sarbanes-Oxley Compliance Playbook(tm).
