March 2, 2007

I’m Sorry; Sarbanes Oxley Should NOT Automatically Apply to Every Business Endeavor on Earth

Filed under: Business Moves, Economy, Taxes & Government — TBlumer @ 6:10 am

Apparently next in line to receive the annual Sarbanes Oxley anal exam: Credit Unions.

Why? Where are the credit union Enrons? The problem, of course is that if the stampede begins, every credit union will be advised by their lawyers to comply with SOX to protect themselves, because if they don’t, any hint of scandal will lead to a suit claiming that failure to apply SOX was the cause of the problem.

Next up: Lemonade stands.

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