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Sarbanes-Oxley Keeps Us Honest

October 24, 2005

A new survey has found that more than half of public companies have changed their "revenue recognition policies" in light of Sarbanes-Oxley legislation. (Rather than, for example, go to jail.)

Sarbanes-Oxley was put in place to stop companies from cheating on their financial reporting to boost stock prices and personal perks (paging Enron, Adelphia, WorldCom and others).

Apparently, it's working.


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