Reply #12: SOX does deal with how financials are prepared

[grizmaster]

but what gives it teeth is the enforcement aspects.

Under SOX you basically have to have a separate auditing of how you keep your books that runs parallel to your regular accpounting system and when the audit report is prepared and the financials are published the executive officers have to sign that the numbers are legit.

And yes, I agree. Greater transparency means investors are putting their money in more sound corporations which is better for the economy than having investment dollars end up in the hands of crooks such as Ken Lay.