Future of Sarbanes-Oxley Uncertain Under Trump

The future of The Sarbanes-Oxley Act is uncertain, as the Trump administration revisits the policies of the Securities and Exchange Commission (SEC).

Accounting Today reports, “Trump signed a directive in early February ordering the Treasury secretary to review financial regulations, with an eye toward identifying policies that hurt U.S. competitiveness. While his administration framed the order as an attack on Dodd-Frank, the look back is likely to go deeper and touch on Sarbanes-Oxley as well.”

There are concerns that deregulation will open the door to corruption and fraud, which is what led to the creation of The Sarbanes-Oxley Act.

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