Paul Bayne, SOXLite™ Product Director, provides a white paper on the small public company and Sarbanes-Oxley.
The Securities and Exchange Commission (SEC) created an advisory committee on smaller public companies in 2005 to address the disproportionate financial and operational burdens of Sarbanes-Oxley (SOX) on smaller public companies. There has been much confusion, exaggeration, and hyperbole around the Committee’s recommendations, especially those surrounding Sarbanes-Oxley Section 404. This white paper will discuss some of the actual recommendations and their implications for publicly traded companies.