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> One criticism of SOX is that it partially nationalizes control of the organization, If that is a criticism of SOX for private companies, then it would mean t
by epistasis 2y ago
> One criticism of SOX is that it partially nationalizes control of the organization,
If that is a criticism of SOX for private companies, then it would mean that it should be a baseline for national accounting, no?
- liontwist 2y ago> it should be a baseline for national accounting What does this mean? Let me repeat. SOX is not a method of accounting, its rules about roles and reporting for public corporations > It sounds like you think SOX auditing means “super secure and careful accounting”.
- epistasis 2y agoYes, rules and roles for reporting, ie accounting. I don't know what you think you are implying with the "super secure and careful" comment, we are looking for the roles that ensure the accountability of SOX. Your complaint is that SOX "nationalizes" companies because apparently it becomes so transparent, or something? If that's what you mean by "nationalize" shouldn't that be used for our nation's accounting?