And crack down they did SOX has been described as the most sweeping federal legislation concerning corporate governance since the Securities Act of 1933 and the Securities Exchange Act of 1934.
But given the law’s hurried passage and broad scope, critics have charged that it has had unintended consequences and that its costs exceed its benefits. Now that CPAs have had a decade of experience with SOX, it is useful to review several metrics
in order to determine whether the act’s touted benefits have materialized.