Neither Rep. Sarbanes nor Rep. Oxley ran for re-election, and Barney Frank, the new chair of the Financial Services Committee is not a big SOX fan .
In this new environment, the WSJ (subscription required) reports:
"Business has won the battle to ease one of the most controversial requirements mandated by the Sarbanes-Oxley corporate-reform law: that companies first review their own systems for ensuring accurate financial reports and then have them tested by outside auditors."
SEC chairman Christopher Cox set the ball rolling this week....as the Washington Post reports.
