According to the Washington Post, the SEC is thinking about delaying some of their other corporate reforms because of the effect Sarbanes-Oxley is having. The documentation, testing, and evaluation of internal controls is costing more money and taking more time than predicted. Everything does, doesn’t it? Among the initiatives that may be delayed are treating stock options as an expense, another dubious reform.
As previously noted, the Chicago Boyz are not big fans of Sarbanes-Oxley. Maybe the only thing worse than shouting “Fire!” in a crowded theater is shouting “Don’t just stand there, do something!” in Congress.