The Evils of Sarbanes Oxley

"Have you ever wondered what it would be like to spend a few years behind bars? Well, since the passage of the Sarbanes-Oxley Act in 2002, if you are a CEO, CFO or, and here's the rub, any other c-level executive (including CIO), it is much more likely you won't have to waste too much time wondering."

"Since its passage in 2002 and the subsequent establishment that summer of the President's Corporate Fraud Taskforce (which handles all cases of corporate fraud), more than 693 fraud convictions or guilty pleas have been secured in 577 separate cases involving 1,299 individuals."

// posted by Amit Ghate @ 9:02 AM