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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (340838)	6/19/2007 6:10:54 PM
From: Road Walker	Read Replies (1) \| Respond to of 1579774

re: Stephen Bainbridge: Sarbanes-Oxley bleeds profits, cuts risk taking How come the S&P corps continue to post record profits... by a long shot?

To: TimF who wrote (340838)	6/20/2007 3:53:23 PM
From: tejek	Read Replies (1) \| Respond to of 1579774

The chief regulatory culprit is SOX section 404, which requires both management and the company’s outside auditors to annually assess the firm’s internal controls over financial disclosures. The Securities and Exchange Commission initially estimated that section 404 compliance would require only 383 staff hours per company per year. Internal controls should be SOP in any large corporation. I maintain them for myself in my small business. I wouldn't want to own a company that doesn't have good internal controls.