A SOX 404 roundup

A WSJ editorial roundup (free) on the problems of SOX 404, apropos of an SEC Roundtable on this issue, makes many of the points that are in the Sarbanes-Oxley archive of this blog, and in my writings on this subject cited in these posts:

--the extra burden on smaller companies

--resulting going dark and delisting by small and foreign companies

--the fact that the main beneficiaries are the big accounting firms (see my recent response to Gordon Smith noting this)

--the potential litigation bonanza for trial lawyers

--more generally, the need to balance regulatory costs against benefits

--the need to rewrite SOX