With a name like the "Sarbanes-Oxley Act of 2002," you wouldn't expect it to hold your interest from cover to cover. Let me tell you, I couldn't put it down. It reads as a searing indictment of auditors, corporate executives, audit committees, analysts, investment bankers, and standard setters and regulatory bodies like the SEC.

My first impression was the scope, depth, and breadth of the legislation. It provides for an accounting oversight board, auditor independence rules, corporate accounting reform, additional investor protection, and increased criminal and civil penalties for securities violations.

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