Commentary: Sarbanes-Oxley is not necessary

07/17/2007 | MarketWatch

The Sarbanes-Oxley Act of 2002 adds an unnecessary layer of regulation, costing businesses an estimated 4% of their bottom line and should be repealed, John C. Dvorak argues. The results of the MCI and Enron scandals, among others, put the spotlight on the auditors who appear to have been asleep on the job. The new act takes them out of the equation and keeps them from being responsible.

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