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The SOX fan club is filled with investors

A majority of U.S. investors support the Sarbanes-Oxley Act and believe that the tightened rules mandated by SOX shouldn't be eased, according to a nationwide survey of 1,001 investors conducted for the Center for Audit Quality (CAQ).

By Staff Writer | Updated on August 06, 2007

A majority of U.S. investors support the Sarbanes-Oxley Act and believe that the tightened rules mandated by SOX shouldn’t be eased, according to a nationwide survey of 1,001 investors conducted for the Center for Audit Quality (CAQ). In sharp contrast to corporate complaints about the excessive burdens of having to comply with SOX, more than 60% of those participating in the investor survey believe that the rules as they now stand should essentially be left unchanged. In fact, investors told the survey they would be unhappy if the regulations are eased. An overwhelming majority of investors–84%–say they now have confidence in the U.S. capital markets and in the financial information provided by companies, with 79% of those surveyed attributing that confidence to the changes brought about by SOX.

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