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Small biz hits Sarbanes-Oxley law

Small biz hits Sarbanes-Oxley law

by Toby Lucich on April 19, 2007

Lawmakers and regulators in Washington, D.C., yesterday heard an earful from small-business owners, including some from Massachusetts, who claimed the Sarbanes-Oxley Act is burdening firms and stifling growth.

Complaints ranged from the costs associated with the act’s accounting regulations to firms balking at going public if it means spending so much money complying with provisions.

“From my perspective as an entrepreneur, the atmosphere for raising capital in the U.S. has taken a turn for the worse,” said Joseph Piche, chief executive of Franklin-based Eikos Inc., a privately held nanotechnology firm. Piche, whose firm has explored going public, and others testified at a hearing of the U.S. Senate’s Small Business and Entrepreneurship Committee, headed by Sen. John Kerry(D-Mass.).

Small biz hits Sarbanes-Oxley law

{ 1 comment… read it below or add one }

Anonymous July 10, 2007 at 7:07 am

Other times it’s as simple as satisfying your IT developers with better source control and appeasing the auditors as a by-product. Accurev comes to mind as one of the better source control management systems that can help toward Sox compliance.

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