My instructor told me that Obama wants to do away with all or part of the Sarbanes Oxley Act. Is this true? | Compliance Sarbanes Oxley

My instructor told me that Obama wants to do away with all or part of the Sarbanes Oxley Act. Is this true?

I am an accounting major and I think accountants and auditors are in greater demand because of this act. If it were done away with it could effect the market for accountants.

1. Ask your instructor to cite a source for this, and check it out.

2. Auditors are in greater demand because of sarbanes oxley. Meanwhile SOX costs companies millions, and hasn’t prevented the financial crisis. It might be better for the economy if SOX is modified to be less costly to business.

3. Accountants and auditors will always be in demand, with or without SOX.

Posted in sarbanes oxley | 2 Comments »

2 Responses

  1. fcas80 Says:
    March 4th, 2010 at 1:09 am

    1. Ask your instructor to cite a source for this, and check it out.

    2. Auditors are in greater demand because of Sarbanes Oxley. Meanwhile SOX costs companies millions, and hasn’t prevented the financial crisis. It might be better for the economy if SOX is modified to be less costly to business.

    3. Accountants and auditors will always be in demand, with or without SOX.
    References :

  2. PAUL P Says:
    March 4th, 2010 at 1:52 am

    hmm well i don/t know much about accounts. i don/t know it is true or not.
    References :

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.