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Sarbanes-Oxley: Difference between revisions
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The driving force will probably be insurance companies themselves, which will bond companies against fraudulent financial information, and they will have the maximum incentive to evaluate the credibility of audit and similar services: they can decide what is and isn't a conflict of interest, since they will be bearing the cost of bad decisions, and they will stop suing auditors they don't trust. Absent government, people will quickly learn the difference between bonded and unbonded financial reports, and we'll have effective guarantees of accuracy without government. | The driving force will probably be insurance companies themselves, which will bond companies against fraudulent financial information, and they will have the maximum incentive to evaluate the credibility of audit and similar services: they can decide what is and isn't a conflict of interest, since they will be bearing the cost of bad decisions, and they will stop suing auditors they don't trust. Absent government, people will quickly learn the difference between bonded and unbonded financial reports, and we'll have effective guarantees of accuracy without government. | ||
{{Public Domain}} | {{Public Domain}} | ||
[[Category:Financial Legislation]] | [[Category:Financial Legislation]] | ||