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22 Aug 2002
The US Chamber of Commerce, one of the few lobbying group in the country, has said the act will create litigation chaos.
In an interview with the Financial Times, the Chamber's chief economist Martin Regalia said the law had been hastily drafted by a variety of different authors cobbling together a host of last minute amendments.
He added it will have unintended consequences such as increased bureaucracy and rampant litigation, which will in the end do more harm than good.
The Act was introduced following a spate of accounting disasters at high-profile companies like Enron, WorldCom and Adelphia and is aimed at restoring investor faith in corporate America by tightening up corporate governance and financial control.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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