Sarbanes-Oxley affects small businesses too?
Dave, I had thought that Sarbanes-Oxley only applied to publicly traded corporations, but your previous writing and personal communication seems to imply that it also applies to closely-held ones. Is that right? Can you point me to a URL or other easy to find reference that explains just what SOx requires of small companies?
Ah, there's little that's generated more trouble and discussion in the world of business - particularly business finance - than Sarbanes-Oxley, a rigorous new accounting standard that requires corporations to track and report their financial results in new and, frankly, more complex ways. I've written about Sarbanes-Oxley before, for background reading.
So if Sarbanes-Oxley is targeted to public, publicly traded companies, why does it affect privately held companies or even startups?
A good question and one that can be answered with two words near and dear to any investors heart...
Ah, there's little that's generated more trouble and discussion in the world of business - particularly business finance - than Sarbanes-Oxley, a rigorous new accounting standard that requires corporations to track and report their financial results in new and, frankly, more complex ways. I've written about Sarbanes-Oxley before, for background reading.
So if Sarbanes-Oxley is targeted to public, publicly traded companies, why does it affect privately held companies or even startups?
A good question and one that can be answered with two words near and dear to any investors heart...
posted by Dave Taylor at
9:33 PM
