Paul Sarbanes, Maryland's former Democratic senator and chairman of the Senate Banking Committee, and Michael Oxley, a former Ohio Republican who chaired the House Financial Services Committee, are still heros to investors nearly five years after they co-sponsored the Sarbanes-Oxley Act. Dow Jones
reports that a telephone survey conducted in July by the Center for Audit Quality found that -- 60 percent of investors are more confident in audited financial information issued by public companies than in the past. In a blow to accountants everywhere, 62 percent also oppose a loosening of the stricter requirements of the bill.
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