The push to prosecute companies and make the next settlement bigger than the last has taken on a life of its own.

332

But in an environment where using one's judgment leaves them open to being sued, auditors will take the most conservative positions possible.

247

I would like to see it reopened and revised. Sarbanes-Oxley has become extraordinarily expensive.

246

There are companies being told they have tens of thousands of material financial controls that have to be attested to, which on its very face is absurd. They can't all be material.

212

It's important to ask what are we spending all this money for, and are we creating the benefit desired? It's legitimate to say probably not.

154