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No IFRS, Ands, or Buts Until Convegence, NASBA Tells SEC

The Auditors’ Chinese Wall - Is SOx Still A Keystone?

"When the Sarbanes-Oxley Act was passed in the summer of 2002, largely as a rushed reaction to Enron, it did get a few key things right. Notwithstanding the long debate we’ve had about cost/benefit or why it didn’t prevent the subprime crisis or large frauds such as Satyam and Madoff, , both of which are derivative discussions for later, there were a few important changes that still make a difference. We can’t allow time, or fuzzy academics, to let us forget the good reasons for having made them..."
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Source: re: The Auditors