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Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 4:59 pmby Stratego
After the whole Enron and AIG scandals, the legislators passed Sarbanes-Oxley act which holds the executives responsible for what's on their financial statements. They can't simply state that they didn't read what they got any more.
Should we apply the same rule to the government? Whoever is on office would ultimately be responsible for what they sign and approve. This way we can start to eliminate the corruption and fraud in government.
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 5:03 pmby Winchester
We already have GASB and the GAO's Yellow Book, not sure SOX would really add much.
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 5:03 pmby Spider
Sorta like making the engineer stand underneath the arch when they removed the falsework, like they did back in Roman days?
Its impractical to make a few hundred individuals personally responsible for deaths and finances on that scale. Would be a meaningless gesture.
If we want to clean up government, we need to end reelection.
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 5:10 pmby OGPhilly
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 5:12 pmby eynon81
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 5:16 pmby OGPhilly
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 8:01 pmby Stratego
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Thu Sep 20, 2012 9:23 pmby PoS
Quis custodiet ipsos custodes?
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Fri Sep 21, 2012 6:47 amby Winchester
Re: Should Sarbanes-Oxley apply to government as well?
Posted:
Fri Sep 21, 2012 9:03 amby Professor
I don't get the premise. How do you make a government official responsible for something they sign? Or, rather, aren't they accountable now?