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Four years later, Sarbanes-Oxley still an adjustment

Four years later, Sarbanes-Oxley still an adjustment

by Rick Turoczy on July 30, 2006

Four years after the passage of the Sarbanes-Oxley corporate reforms, companies have begrudgingly adjusted to the law’s hefty internal control requirements, but small companies are still worried about how much it will cost to comply with the law.

“It’s a big summer for Sarbanes-Oxley,” said David Chavern, vice president of the U.S. Chamber of Commerce. “We’re all waiting to see what the regulators do … because it will have a long-term effect on how Sarbanes-Oxley will be implemented.”

Companies of all sizes have complained that the law’s internal control section, which requires companies’ outside auditors to say publicly whether a company’s controls are adequate, is too expensive.

Four years later, Sarbanes-Oxley still an adjustment

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