Brigham and Ehrhardt (2016) argue that they must be SOX compliant for those overseas companies who trade stock or issue debt in the US. How this impact of SOX legislation is felt across Europe is open to debate. Most commentators expect further tightening of the regulatory framework but are not decisive about how far they believe the EU will go. Should the EU countries that do business with the US comply with SOX, or do you believe this is not an issue for the EU, or is this strictly a US issue?