Comments on: More discussion of rules versus principles http://neilmcintyre.ca/more-discussion-of-rules-versus-principles/ From external to internal audit Wed, 18 Apr 2012 13:41:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Scots pimp principles in the Big Apple / NeilMcIntyre.ca http://neilmcintyre.ca/more-discussion-of-rules-versus-principles/comment-page-1/#comment-35 Scots pimp principles in the Big Apple / NeilMcIntyre.ca Wed, 04 Apr 2007 16:43:38 +0000 http://neilmcintyre.dreamhosters.com/?p=41#comment-35 [...] this old classic. Once again the rules-based US system is coming under attack by external sources, this time from [...] […] this old classic. Once again the rules-based US system is coming under attack by external sources, this time from […]

]]> By: Dennis Howlett http://neilmcintyre.ca/more-discussion-of-rules-versus-principles/comment-page-1/#comment-34 Dennis Howlett Tue, 06 Jun 2006 05:33:25 +0000 http://neilmcintyre.dreamhosters.com/?p=41#comment-34 Unfortunately, the US doesn't have a good track record for considering the court of world opinion. The good news is I do see a way forward here. If the US is to stop losing its position as a pre-eminent capital market then it has to understand why that's happening. SOX isn't the problem - it's a symptom. When people realise the financial impact they'll maybe see the light. Otherwsie, the US could be in for a tough time. Unfortunately, the US doesn’t have a good track record for considering the court of world opinion.

The good news is I do see a way forward here. If the US is to stop losing its position as a pre-eminent capital market then it has to understand why that’s happening. SOX isn’t the problem — it’s a symptom. When people realise the financial impact they’ll maybe see the light.

Otherwsie, the US could be in for a tough time.

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