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Small Biz Sits Out Sarbanes-Oxley

Small Biz Sits Out Sarbanes-Oxley

by Rick Turoczy on August 24, 2006

One of the key provisions of the Sarbanes-Oxley Act was that corporate managers inform investors about just how well they were minding the store.

That provision, known as Section 404, requires companies’ executives and their auditors to assess the state of companies’ internal controls. Internal controls are a system of checks and balances over financial accounting that are designed to prevent corporate fraud.

Small Biz Sits Out Sarbanes-Oxley

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