This week, INN's Bill Kenealy reported that the much-loathed Sarbanes-Oxley Act (SOX) is up for review by the U.S. Supreme Court, as well as the U.S. Congress. The Supreme Court case challenges the constitutionality of the disputes the authority of the Public Company Accounting Oversight Board (PCAOB) that oversees compliance, while Congress may take other measures to weaken the act, which dictates that publicly traded companies need to verify and document the information they are reporting to shareholders, or face harsh penalties.

At last, good riddance to SOX, right? 

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