September 15, 2004
Sarbanes-Oxley Goes Private
A recent survey of private companies has revealed that they are impacted by the Sarbanes-Oxley Act provisions. Many CEO's say they have elected to enact many of the provisions. It is always positive to see governance done voluntarily-to avoid problems.
Here is some data on this survey from an article by Foley & Lardner LLP:
"Many private organizations planned to adopt or have already adopted several measures in response to the Sarbanes-Oxley Act:
Here is some data on this survey from an article by Foley & Lardner LLP:
"Many private organizations planned to adopt or have already adopted several measures in response to the Sarbanes-Oxley Act:
- CEO/CFO financial statement attestation (44%)
- Establishment of whistle-blower procedures (40%)
- Board approval of non-audit services by auditors (43%)
- Adoption of corporate governance policy guidelines (40%)"
For the complete article see: http://www.mondaq.com/i_article.asp_Q_articleid_E_28359
For information on Issues Central Sarbanes-Oxley Compliance Playbook see www.issuescentral.com
