The Sarbanes-Oxley Act: Do We Need a Regulatory or Legislative Fix?
Publication Date: May 2007
Publisher(s): Heritage Foundation (Washington, D.C.)
Keywords: Regulation; Accounting; overcriminalization
Coverage: United States
Failure to take additional action to address the burdens imposed by Sarbanes-Oxley could have serious consequences, but even if a legislative review of the law is delayed while SEC and Public Company Accounting Oversight Board regulatory improvements are given a chance to work, Congress still needs to eliminate unnecessary parts of the law in the long run.