Regulators might be touting their proposed reforms of Sarbanes-Oxley compliance as more efficient and cost-effective, but not everyone is thrilled with the current proposals.

The latest chance to comment on plans from the Securities and Exchange Commission and the Public Company Accounting Oversight Board to overhaul SOX compliance has generated a flurry of criticism, mostly from corporate-side sources who say the reforms still donโ€™t go far enough.