We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Report Dismisses Small Biz Complaints Over SOX

Law360 (July 12, 2006, 12:00 AM EDT) -- Small public companies should be able to find a “cost-effective” way to comply with internal control requirements set forth by the Sarbanes-Oxley Act, according to a report released by the Committee of Sponsoring Organizations of the Treadway Commission.

The report offers guidance to small companies looking to beef up internal controls as required by SOX.

But where some organizations have claimed that SOX compliance would place an undue financial burden on smaller companies, the report says that “COSO believes that small business can and should maintain...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.