BigWilly's thread on why SOX caused the debacle

There…I started it

HAHA! I was only busting b@lls. But I don’t think it helped. Companies spent Billions of dollars to come into compliance with Sarb-Ox which I dont think really changed anything. It was just another layer of bureacracy to add to the pile. Its too early for debates…

I’ve worked on SOX audits and they are completely worthless. I thank god everyday I am no longer in that business.