Sunday, February 06, 2005

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Sarbanes-Oxley--Unintended Consequences The Law of Unintended Consequences is alive and well A growing number of companies are looking like unsuspecting spouses being left for trophy partners. That's because the top audit firms are dropping clients, according to this NYT article: "the companies that are most likely to be dropped by accounting firms are those considered too small to be worth the extra work now required, as well as those judged too risky to work with under the new accounting rules." And audit fees are up 40-100%. Lovely. 11:49:18 AM    comment []