Congress Turns to Wall Street For Ideas on Sarbox Reform

O'Connor, Colleen Marie
June 2006
Investment Dealers' Digest;6/26/2006, Vol. 72 Issue 25, p8
Trade Publication
The article reports on the meeting between U.S. House committee representatives with financial industry experts to determine the impact of Sarbanes-Oxley legislation. The objective of the meeting was to fix the ambiguities of the legislation. One of the issues discussed was the Section 404, which mandates strict internal controls monitored by outside auditors. It is considered as disadvantageous for stock exchanges in gaining listings.


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