Jun 15 2009
Still Reporting Losses With Sarbanes Oxley
I recently read a report about the changes that were made in the business that were publicly traded. After the entire Enron fiasco a few years back it had all companies and especially those in the public arena doing a full check of their accounting principles. What I do not understand though is that the report I read still has the number of losses to a company by insider illegal activity as near the same amount as before Enron. What are missing that Sarbanes Oxley Section 302 does not cover? Do we need to add more regulations and restrictions to our already enormous laws?