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Happy Birthday Sarbanes-Oxley!

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Has it been four years already? The little monster brought into the world following the financial scandals and collapsing business in the first years of the twenty-first century turns four today.
This column describes the business world’s evolving reaction to SOX in the language of a grief counselor—“first shock and anger, then acceptance, and finally a sense of moving on.”
Not surprisingly, it’s been a lot easier for large companies to move from one stage to the other, while smaller, newer companies get hit much harder by the cost of increased overhead. The total estimated cost of complying with the regs? An astounding $17.6 billion dollars.

Happy Birthday, Sarbox!