Executives dispute usefulness of Section 404 of Sarbanes-Oxley Act
The Wall Street Journal reports that a survey of corporate financial executives found that “[c]ompliance costs for [Section 404 of] the Sarbanes-Oxley corporate-governance law fell in 2006 for the third year, with most of the reduction coming from managers who spent less time and money on reviews.” However, "[d]espite the [...]