In a recent public radio news discussion about the ongoing Enron criminal trials, the question was posed: if Enron were in business today, how would the company measure up against the SOX standard? This whole agony and ecstasy was conjured up, after all, to prevent another Enron catastrophe. The answer was that, although hypothetical and conjectural, Enron would likely rank in the TOP HALF of all U.S. companies.
So much for due diligence. . . JO.Skip Robinson Southern California Edison Company SHARE MVS Program Co-Manager 626-302-7535 Office 323-715-0595 Mobile [EMAIL PROTECTED] Phil Payne <[EMAIL PROTECTED]> Sent by: IBM Mainframe Discussion List <IBM-MAIN@BAMA.UA.EDU> 04/30/2006 03:10 AM Please respond to IBM Mainframe Discussion List <IBM-MAIN@BAMA.UA.EDU> To IBM-MAIN@BAMA.UA.EDU cc Subject Sarbanes-Oxley Sorry if you've already done all the work... http://news.independent.co.uk/business/news/article360919.ece "Tough, post-Enron company rules in the US may have to be relaxed to stem a flow of listings from New York to London, an American diplomat said yesterday. Rushed through in 2002, following a wave of corporate scandals, the controversial Sarbanes-Oxley legislation lays down tough accounting rules designed to ensure that public companies make fuller disclosure of their financial position. It prompted an angry reaction from this side of the Atlantic because European companies that are listed in the US are affected even if they comply with their own domestic requirements." -- Phil Payne ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
