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Was SOX a reasonable response to a significant threat to the

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Was SOX a reasonable response to a significant threat to the markets, or is it an unnecessary and expensive overreach? Brief response.

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Solution Summary

One paragraph (no references) that concludes that some aspects were a huge upgrade (audit report to board) and others (documenting controls everywhere) were probably more than were needed.

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Now, was the response "reasonable?" What is an expensive overreach? This answer will vary depending on who you ask. The firms that had to comply were forced to spend massive sums to documents controls, pay auditors to audit those controls and paid more for audits that now required new ...

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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