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Compliance With The Sarbanes-Oxley Act

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Compliance With The Sarbanes-Oxley Act
Corporate Accountibility is closely linked to corporate governance in the respect that corporate accountability largely determines corporate governance.

On the other hand, compliance with the Sarbanes Oxley Act is expensive, and relatively more so for smaller public companies. While no doubt compliance with the SOX has improved transparency and corporate accountability, at what cost are these aims achieved? Already there are scathing critiques that compliance with the SOX has reduced America's international competitive edge against foreign financial service providers, saying SOX has introduced an overly complex regulatory environment into U.S. financial markets.
A survey by Korn/Ferry International showed that compliance with Sarbanes–Oxley
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