McKinsey news from FierceSarbox
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ALSO NOTED: Apple's other Sarbox problem; Does FASB still make sense?
> Recall that Mayor Bloomberg commissioned McKinsey to study the U.S. financial markets. No surprise: it found that Sarbox was one reason New York City could lose its spot as the world's Read more...
ALSO NOTED: Hiring a big-name accountant is big news; SEC given clean bill of health on controls;
> Mayor Bloomberg of New York City continues his campaign to reform Sarbox, part of his effort to keep NYC the world's financial center. People are eagerly awaiting the commissioned report from Read more...
Update: The twilight of NYC?
You night have been tempted to think the "twilight of New York as a financial center" story was a fleeting one. But the city has done a good job keeping it in the news. The latest: Senator Charles Read more...
NYC officials hire McKinsey to explore exchange woes
We've noted before that New York City officials are more than chagrined about the perceived flow of underwriting business to London. The conventional wisdom holds that Sarbanes Oxley is the main Read more...
Does Sarbox render board members personally liable?
There's little doubt that Sarbox has put added pressure on outside directors. Audit committee members seem to be the most affected, given the monitoring requirements and the fact that audit Read more...

