Accountability Is Too Costly, Some Companies Complain

Summary

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Some U.S. companies are complaining that new rules aimed at improving corporate accountability will cost them in dollars and in time this year.

Most of the rules stem from the 2002 Sarbanes-Oxley Act, which Congress enacted to beef up corporate governance in the aftermath of accounting fraud uncovered at Enron Corp., WorldCom Inc. and elsewhere. Written by the Securities and Exchange Commission, the regulations are aimed at toughening corporate accountability to restore investor confidence and are just now starting to hit bottom lines.

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Accountability Is Too Costly, Some Companies Complain

Advocates say they will help companies avoid costly problems do...

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