What impact has the Sarbanes-Oxley Act had on compliance costs for public companies? Substantial, it turns out, even five years after it became law.
The Sarbanes-Oxley Act was enacted in mid-2002 to improve corporate financial reporting after the Enron, WorldCom, and other accounting scandals. Opinions vary widely on its success in preventing fraud and increasing investor confidence, as well as on whether its benefits justify the costs. But virtually everyone agrees that the compliance costs associated with Sarbanes-Oxley have been, and continue to be, extraordinarily high—even five years after Congress passed the sweeping law.
Read the complete article by clicking on the link below.
Related Insights
January 21, 2026
Health Care Law Today
Immigrant Access to Health Centers: Confronting Unknowns in the Administration’s Revised Interpretation of PRWORA
This article was originally published in the ABA’s Health Law Section, December 2025, and is reposted here with permission. In July…
January 21, 2026
Health Care Law Today
Medicare Advantage in Uncertain Times
Copyright 2026, American Health Law Association, Washington, DC. Reprint permission granted. As of 2025, 54% of all Medicare…
January 21, 2026
Foley Viewpoints
Thinking About Granting Profits Interests to Your Employees? Four Reasons You May Want to Think Again
We are often asked by owners of limited liability companies (LLCs) to help them issue “profits interests” to service providers of their…