Expenditures to implement the provisions of the Sarbanes-Oxley Act (“SOX”) are staggering. For instance, CFO magazine recently reported that 225 companies surveyed planned to spend an aggregate $6.2 billion on SOX compliance
Sarbanes-Oxley: Bane or Boon?
Expenditures to implement the provisions of the Sarbanes-Oxley Act ("SOX") are staggering. For instance, <i>CFO</i> magazine recently reported that 225 companies surveyed planned to spend an aggregate $6.2 billion on SOX compliance. It is no wonder, then, that questions are being raised as to the cost of this legislation relative to its benefits. This article examines the proposition that, given proper perspective and attention, SOX compliance can in fact lead to tangible benefits for equipment lessors.
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