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Independence, Sarbanes-Oxley (SOX), Compliance & Legal Remedies

Is true auditor independence possible?
What kinds of actions, if any, do we take in our organizations to achieve a functional level of auditor independence?
Is compliance with Sarbanes-Oxley enough?
Or, does SOX go overboard in requiring needless procedures and costs?
Would we be better to require less auditing and let the legal system punish deceptive actors?

Solution Preview

Yes, I do believe true auditor independence is possible. However, I believe in order to achieve auditor independence it mostly might originate from ...

Solution Summary

This solution provides various questions regarding auditor independence and Sarbanes-Oxley.