Sarbanes-Oxley (SOx) news might regularly dominate headlines in the US but will similar legislation be enacted around the world? According to a recent survey by GTNews, only 48% of western European respondents thought other geographical locations should adopt Sarbanes-Oxley style legislation, compared to 59% for global respondents.
The survey concluded that Europe’s finance professionals are willing to embrace the improved transparency of a stronger regulatory environment but remain dubious about the ability of such legislation to restore investor confidence after notorious cases of corporate fraud in both the US and Europe.
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