News for hackers. Stuff that matters.

A comment on The Worst Ideas of the Decade - Sarbanes-Oxley.

Re:The Worst Ideas of the Decade - Sarbanes-Oxley by michael_dorfman on Monday December 21, 2009 @01:47PM (#1008331)
It was never clear how more accounting and reporting regulations were supposed to squelch fraud.

Really? That one seems pretty obvious to me. Standardized accounting practices and more transparency via required reporting makes fraud harder to commit and easier to detect. The reductio ad absurdam almost writes itself.

[ Parent | on HN ]
Re:The Worst Ideas of the Decade - Sarbanes-Oxley by dkarl on Monday December 21, 2009 @04:18PM (#1008620)
Plus, many of the new rules were targeted at kinds of fraud that have actually been perpetrated. If you don't patch a security hole, people won't get tired of exploiting it. They'll just keep on exploiting it until you do something to make it harder or more dangerous.
[ Parent | on HN ]