Sunday, July 01, 2007

Simplify SOX!!!

http://www.pro2net.com/x58184.xml

Sometimes "the obvious" thing is best, since it's so commonly overlooked. In this case, Pozen states the obvious thing -- "we need clearer accounting standards." In my opinion, our standards should reflect more closely the dominating international ones which (although still evolving and heavily regulated abroad) the U.S. has so cleverly evaded in a plea opting for "substance" over "form." But, the U.S.'s main problem is first getting the government out of our financial statements, and away from our tax dollars.

Down with SOX!

1 comment:

Norman said...

Amen to that, sister! Down with SOX!!!