Sarbanes Oxley's effect on Governmental Entities 334

  • Does anyone have any comments or publications that discuss how Sarbanes has effected governmental entities?
    Are there any regulations brewing that make governmental entities have to comply with Sarbanes in the near future?

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  • There is no effect at the moment and I would be surprised if there was in the future.
    My experience has been that Governmental Entities are very good at ‘do as I say not as I do’. In the UK they don’t even produce proper accruals based accounts, account for capex properly or comply with GAAP 8O

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