Call Center CRM News Blog TMC

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.

http://www.tmcnet.com/usubmit/-survey-sarbanes-oxley-has-widespread-impact-revenue-recognition-/2005/oct/1196684.htm

TES




Related Tags: , , , ,

Listed below are links to sites that reference Sarbanes-Oxley Keeps Us Honest:

Trackback Pings

TrackBack URL for Sarbanes-Oxley Keeps Us Honest:
http://blog.tmcnet.com/mt3/t.fcgi/18606

Comments to Sarbanes-Oxley Keeps Us Honest


(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)