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Sarbanes-Oxley impact extends far beyond public companies

Sarbanes-Oxley impact extends far beyond public companies

by Rick Turoczy on June 29, 2006

When the Sarbanes-Oxley Act was enacted into law in 2002, the focus primarily was on oversight of publicly traded companies and accounting. The legislation, while it did have some application to not-for-profits, was seen essentially as a way to clean up corporate America.

It is now apparent, however, that Sarbanes-Oxley’s impact has been far broader than its supporters intended or envisioned. Not-for-profits and private companies quickly began to feel SOX’ impact and now some are calling for similar regulation at the state and local government level.

Sarbanes-Oxley impact extends far beyond public companies

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