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Re: laranger post# 93983

Thursday, 02/03/2005 6:28:19 PM

Thursday, February 03, 2005 6:28:19 PM

Post# of 432730
SOX and delay

Methinks Sarbanes/Oxley is not the reason for the "delay" in reporting earnings.

I did some SOX work for a company out here and I can believe that SOX is causing a delay. It's a very cumbersome process, it's new to everyone and similar to a construction project, it seems to always take twice as long and cost twice as much as originally thought. I wouldn't be surprised to see it affect earnings by a penny or two for 2004.

Frank
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