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  1. They’re not really excuses when they’re true statements. SOx is a b*tch. The cross-referencing that document preparers have to do is insanely costly.

    Plus, all that tiny print and page flipping is a large part of why I just couldn’t do the work FT, school FT thing any-freaking-more.

    Comment by r* — 12/27/2004 @ 08:24:31 PM

  2. The side effect for my beat — Florida public companies — is that Sarbanes-Oxley is costly enough for mid-sized companies (around $50-100 million revenue) that some talk about going private in order to not have to deal with it. Since most Florida public companies fall in that range, it’s probably been a factor in companies going private or being acquired (although not as many as I’d have thought).

    I actually wrote a little about this last year (free registration required).

    While there’s no denying it’s an added burden, what I’ve experienced is more of a use of Sarbanes-Oxley as a catch-all for anything a company doesn’t feel like disclosing. I’ve had CFOs tell me they can’t give out detailed info because it would violate their compliance — a neat trick, since the point of that legislation is to make companies more transparent, not less. So that’s what I had in mind as far as “excuses”.

    Comment by CT — 12/27/2004 @ 09:01:43 PM

  3. Hmm, I thought your job was, like, glossy pop culture writing or something. What a great name for such a dry mag. I never would have realized otherwise!

    Comment by r* — 12/30/2004 @ 11:37:05 AM

  4. Why do I get the feeling I’ve just lost some of my coolness cachet…

    Comment by CT — 12/30/2004 @ 01:08:59 PM

  5. […] Friday, May 20, 2021 SARBANES-OXLEY AS SMOKESCREEN A while back, while making note of the scintillating topic of new European Generally Accep […]

    Pingback by SARBANES-OXLEY AS SMOKESCREEN Population Statistic — 05/20/2005 @ 07:17:29 PM

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