Sarbanes-Oxley Act of 2002: Difference between revisions

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{{g}}[[Sulphur dioxide]] is a toxic gas with a pungent, irritating smell. Its chemical formulation is not [[SOX]], however, but SO<sub>2</sub>.
{{g}}Sulphur dioxide is a toxic gas with a pungent, irritating smell. Irritating, but not ''[[tedious]]'', exactly. Its chemical formulation is not [[SOX]], but SO<sub>2</sub>.


[[SOX]], by contrast, is the The [[Sarbanes-Oxley Act of 2002]], a pungent and tedious piece of US consumer protection legislation introduced as a reaction to a number of major corporate and accounting scandals, including [[Enron]] and [[WorldCom]].
[[SOX]], by contrast, is the equally noxious, just as irritating, and quite a bit more [[tedious]]  [[Sarbanes-Oxley Act of 2002]], a pungent piece of US consumer protection legislation introduced as a knee-jerk reaction to a number of major corporate and accounting scandals, including [[Enron]] and [[WorldCom]] in the early part of the millennium. This is not to downplay the gravity of those scandals a little bit — rotten apples gonna rot, and all — just to query whether imposing a colossal bureaucratic superstructure on all apples, rotten or otherwise, was really the most effective way of addressing them.


If [[Enron]] is the horse, oblivion the paddock to which it bolted and the executive branch of the US government the stable, then [[Sarbanes-Oxley]] is the door.  
If [[Enron]] is the horse, oblivion the paddock to which it bolted and the executive branch of the US government the stable, then [[Sarbanes-Oxley]] is the door.  


{{c|US Regulation}}
{{c|US Regulation}}