I don't think SOx will ever see the light of day. Part of the situation surrounding our current financial crisis stems from the fact that big bidnesses have successfully lobbied for a 2 year reprieve from complying with the SOx legislation.
How are companies ever going to show accountability if the watch-dog legislation is never enforced?
Thanks to the current pro-business climate, it may take up to five years for SOx to gain some teeth.
I think that Dynamic Pessimist thread is taking root in my head. I don't even see the light at the end of the tunnel.
The future does not look good for us in our current situation.
No peace. No peace at all.
Amy