Against Sarbanes-Oxley Act. Golden Apples MBA 556:262 Accounting Prof. Dave Cooper 28 October 2008. Problems with SOX. SOX unduly burdens companies with high costs associated with auditing and reporting of finial statements
MBA 556:262 Accounting
Prof. Dave Cooper
28 October 2008
SOX does not address GAAP and the shortcomings within its principles that companies now have until 2016 to discontinue using GAAP and move to IFRS.
The following aspects of compliance were rated as at least somewhat costly:
10) Overall, do you think the benefits of compliance outweigh the costs?