June 01, 2005
Tony Blair - Please Work on YOUR OWN Country!
Well Thanks Tony! Thank goodness there is no corruption in UK markets. Funny that you quote The Economist when in the most recent issue of The Economist, they actually compliment the efforts of the Sarbanes-Oxley Act.
Maybe you are trying to bash the US because the UK markets are not looking so hot in comparison these days. I used to be a big fan of yours. No more. Stay focused on your own issues. God knows there are enough!
An excerpt from Accountancy Age:
Blair said Britain and Europe are not alone facing the perverse consequences of overzealous red tape.
He said: "The response of the US Congress to the Enron and Worldcom scandals shows what governments can do wrong.
'In 2002, the Sarbanes-Oxley Act was, in the words of The Economist, "designed in a panic and rushed through in a blinding fervor of moral indignation".
'The point about Sarbanes-Oxley was not that the underlying problems it was addressing were not real. It was quite right to put some distance between a company's auditors and its managers, between whom a severe conflict of interest had arisen.
If your company needs help in responding to Sarbanes-Oxley, learn more about the Sarbanes-Oxley Compliance Playbook(tm) at www.issuescentral.com .
Maybe you are trying to bash the US because the UK markets are not looking so hot in comparison these days. I used to be a big fan of yours. No more. Stay focused on your own issues. God knows there are enough!
An excerpt from Accountancy Age:
Blair said Britain and Europe are not alone facing the perverse consequences of overzealous red tape.
He said: "The response of the US Congress to the Enron and Worldcom scandals shows what governments can do wrong.
'In 2002, the Sarbanes-Oxley Act was, in the words of The Economist, "designed in a panic and rushed through in a blinding fervor of moral indignation".
'The point about Sarbanes-Oxley was not that the underlying problems it was addressing were not real. It was quite right to put some distance between a company's auditors and its managers, between whom a severe conflict of interest had arisen.
If your company needs help in responding to Sarbanes-Oxley, learn more about the Sarbanes-Oxley Compliance Playbook(tm) at www.issuescentral.com .
