Sarbanes-Oxley Act or the accountants full employment act as I like to call it, refers to legislation introduced by Senator Paul Sarbanes (D) MD and Representative Michael Oxley (R) Ohio and passed in July of 2002 in response to the Enron and Worldcom scandals.
Whenever the nation is confronted by a problem or crisis Congress feels that they must pass some sort of legislation in order to give the impression that they are doing something to fix the problem.
The legislation usually only addresses the symptom and not the cause, just like Doctors today who are no longer healthcare providers but pill pushers, they prescribe one medication for the illness and another for the side affects, without regard to the damage cause to vital organs such as kidney and liver.
When there is a problem congress passes legislation, and when there isnt a problem congress passes legislation and then passes more legislation to deal with the problems the legislation causes.
When you put a bunch of crazy people and lock them in a building you have an Asylum, when you have a bunch of lawyers together in a building you also have an asylum.
We as a nation expect and demand...
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