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Sarbanes-Oxley is Working

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Uploaded by on Feb 20, 2008

A big insurance company just took $4,880,000,000 in write-downs. The public was notified, thanks to an independent audit.

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News & Politics

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  • wow, I hope people watch this now, its a lot more relavant

  • are those your words ? or are you just citing ? ;)

  • lets put it this way, if a potential investor came to your company and asked if you had any internal controls in place to prevent fraud and a representative said 'no, we don't believe in section 404, it is such a burden and it costs to much', not so sure the investor would feel very safe putting his/her money into that company, especially after the enron era. this is a good example on how it is working.

  • I don't see how it's helped overall. It's a very expensive barrier to entry for smaller companies that may want to go public.

    It didn't stop the horrible lending practices of many public companies, which

    has created a crisis even worse than the effects of Enron.

    I agree with most of your videos though.

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