Eugene David
...The One-Minute Pundit

Thursday, June 29, 2006


A humble admission from the land of Dow 36,000 -- from a SUPERDUPERMEGAGIGABLOGGER, no less:

The SOX [Sarbanes-Oxley] internal control rules adopted in response to the meltdown at Enron have been criticized by many (including yours truly) for being too costly, especially for small business. Yet, while the SOX rules may not be perfect, some system of internal controls is necessary to ensure that the accounting trickery and frauds of the 1990s are not repeated.

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