June 06, 2005
Cox will make his own mark on the SEC
Many hope for a relaxation of Section 404 but given the facts that the Investor Community likes the current provisions and the fact that prior to the Act, 50% of companies who had actual fraud complaints filed against them, had unqualified audit opinions and the fact that fraudulent revenue was the number one violation, things have improved.
In the current Section 404 filings as of April 28, 2005, only 2% of those material weaknesses are now in the revenue category. Stay the Course - the best is yet to come. US markets are the best in the world. The US has to lead. No one else wants to. Let's continue to set the standards and uphold them.
Excerpt from an article: www.rismedia.com
"It will be a special honor, if confirmed, to follow in the footsteps of Bill Donaldson, who has served the commission and our country with honor and distinction," Cox said at a White House ceremony. "The SEC is one of the best run agencies in the federal government, and has been so for years," Cox added. "During my time as a securities practitioner, I was consistently impressed by the high caliber of professionals who regulate corporate finance and our markets. It will be an honor, if confirmed, to join this exceptional team."
To assure your company can accurately and cost effectively manage your Sarbanes-Oxley Compliance, see www.issuescentral.com and learn more about the Sarbanes-Oxley Compliance Playbook(tm).
In the current Section 404 filings as of April 28, 2005, only 2% of those material weaknesses are now in the revenue category. Stay the Course - the best is yet to come. US markets are the best in the world. The US has to lead. No one else wants to. Let's continue to set the standards and uphold them.
Excerpt from an article: www.rismedia.com
"It will be a special honor, if confirmed, to follow in the footsteps of Bill Donaldson, who has served the commission and our country with honor and distinction," Cox said at a White House ceremony. "The SEC is one of the best run agencies in the federal government, and has been so for years," Cox added. "During my time as a securities practitioner, I was consistently impressed by the high caliber of professionals who regulate corporate finance and our markets. It will be an honor, if confirmed, to join this exceptional team."
To assure your company can accurately and cost effectively manage your Sarbanes-Oxley Compliance, see www.issuescentral.com and learn more about the Sarbanes-Oxley Compliance Playbook(tm).
