Despite corporations gaining more experience with complying with the mandates of Sarbanes-Oxley, concerns over the burdens of its implementation have grown over the past several years.

In a keynote before the National Association of Federal Credit Unions, Emil Henry, Treasury’s assistant secretary for financial institutions, reiterated to attendees that due to the compliance burdens of SOX 404, there have been “large numbers of IPOs being listed on non-U.S. exchanges.”

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