again, you are mixing apples and oranges. On 9/27/08, Gaar <[EMAIL PROTECTED]> wrote: > > http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act > > The legislation establishes new or enhanced standards for all U.S. > public company boards, management, and public accounting firms. It > does not apply to privately held companies. The Act contains 11 > titles, or sections, ranging from additional Corporate Board > responsibilities to criminal penalties, and requires the Securities > and Exchange Commission (SEC) to implement rulings on requirements to > comply with the new law. Debate continues over the perceived benefits > and costs of SOX. Supporters contend that the legislation was > necessary and has played a useful role in restoring public confidence > in the nation's capital markets by, among other things, strengthening > corporate accounting controls. Opponents of the bill claim that it has > reduced America's international competitive edge against foreign > financial service providers, claiming that SOX has introduced an > overly complex and regulatory environment into U.S. financial markets. > [2] > > The Act establishes a new quasi-public agency, the Public Company > Accounting Oversight Board, or PCAOB, which is charged with > overseeing, regulating, inspecting, and disciplining accounting firms > in their roles as auditors of public companies. The Act also covers > issues such as auditor independence, corporate governance, internal > control assessment, and enhanced financial disclosure. > > > > > On Sep 27, 12:56 pm, Gaar <[EMAIL PROTECTED]> wrote: > > On Sep 27, 12:54 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > > > > > sorry but that is a bill that "allowed" different practices NOT one > > > that "disallowed" the tried and centuries old true methods. the choice > > > was left to the grubbers as to how they accounted for assets. > > > > Bullshit. > > > > Try READING the Bill as well as the following Legislation. > > > > It REQUIRED certain changes in the Accounting and Reporting of Assets > > by ALL Public Companies. > > > > Again, your ignorance on the matter notwithstanding. > > >
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