Junior Deputy Accountant is vacationing, and I offered to write a guest post. Since the news of the day is the SCOTUS (Supreme Court of the United States) decision on SOX (Sarbanes-Oxley Act of 2002), that’s what I wrote about. Please check out my commentary, “SCOTUS to PCAOB: Do Not Go to Jail; Do Pass Go and Go, Go, Go,” over at Junior’s most excellent web site.
JDA appears all over the net, at JrDeputyAccountant, fan favorite Going Concern, and many other sites.
Some of you love all things SOX. Oops, that’s Sarbanes-Oxley instead of White or Red. Some of you hate all things SOX (especially if you are a Yankee fan and are thinking about Boston). Those that hate Sarbanes-Oxley are trying either to maim it, or kill it.
Maiming is a fait accompli, given that a provision was added to the Dodd-Frank Wall Street Reform and Consumer Protection Act exempting companies with market caps of less than $75 million from 404-b requirements (auditors must opine on internal controls).
Homicide has always been the back-up …
Continue reading at: “SCOTUS to PCAOB: Do Not Go to Jail; Do Pass Go and Go, Go, Go”
Debit and credit – – David Albrecht
The Summa 