Why did corporate governance fail before the Sarbanes-Oxley Act? | Compliance Sarbanes Oxley

Why did corporate governance fail before the Sarbanes-Oxley Act?

I mean, we had the combined code? so why wasnt it followed? whats so different about the Sarbanes-Oxley Act?

Reactionary legislation – it is still just as easy to mark assets off balance sheet after Sarb-Ox, SIV any one?

It was just plain and simply corporate fraud, has happened all through history and the SEC simply lacks the resources to catch it before it blows up. I mean you can work as a forensic accountant at the SEC for $100,000 or at a big 4 Accountancy firm or Investment Bank or Hedge fund for $1m+

Posted in sarbanes oxley | 2 Comments »

2 Responses

  1. migdalski Says:
    December 24th, 2009 at 11:22 pm

    I don’t know. My page says Y! A UK & Ireland, so I don’t know what an American q. is doing here.
    References :

  2. Jaminio Says:
    December 24th, 2009 at 11:52 pm

    Reactionary legislation – it is still just as easy to mark assets off balance sheet after Sarb-Ox, SIV any one?

    It was just plain and simply corporate fraud, has happened all through history and the SEC simply lacks the resources to catch it before it blows up. I mean you can work as a forensic accountant at the SEC for $100,000 or at a big 4 Accountancy firm or Investment Bank or Hedge fund for $1m+
    References :

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