SOX litePosted: August 31, 2007
This morning I read an article about the growing pressure to loosen financial reporting codes in the US to make the US market again more attractive for publicly traded companies. The Finnish accounting requirements for publicly traded companies have also been critiqued for being to costly to maintain, illogical and time in conflict with European Union directives.
After Enron the pendulum swung to the extreme and slowly voices of moderation are starting to undue the harm that has been created. With the world walking a recession tight rope we need to lessen the burden especially on smaller growth companies making the markets more conducive to growth.