Interesting article at the Globe, which notes the implications of the fall of Enron for Canadian companies. The US Sarbanes-Oxley Act, has taken many Canadian managers by surprise. The new act is focused on ensuring the companies have proper financial controls in place, generally meaning that audit rules have to be applied to a company’s technology controls and software. The new act directly affect companies that are listed on US stock exchanges or have issued debts in the US. However, as the Globe also mentions, many other companies will feel pressure to comply.
Sidenote: Note how the article has names of big companies stand out from the text.