Thursday, March 15, 2007

Let's Party like it Sarbanes-Oxley 404 !

Here is some evidence that some stereotypes really are accurate.

In this case accountants can( at least in professional life) be incredibly boring. A friend of mine, who is an auditor with a major international bank, writes that he is attending a Sarbanes-Oxley 404 Party. The party is being held at a prestigious and trendy London location.

For the uninitiated, Sarbanes-Oxley 404 was the piece of American legislation that introduced rather bureaucratic corporate governance requirements following the Enron scandal. The "party" is being held to celebrate the fact that the bank now complies with this (or at least that is my understanding).

Still, a party is a party and I hope all have a good time at the bank's expense. It is difficult (and disturbing!) to imagine a group of accountants dancing the night of away to celebrate Sarbanes-Oxley. However that is what is happening tonight somewhere in London- sometimes you really can't make it up !

No comments: