Assurance & ComplianceJuly 30, 2005 8:59 am
Small Businesses Register Protest with SEC against SOX
By the way, its worth mentioning that the cost and effort of SOX compliance is driving many smaller businesses up the wall. See what a small community bank had to say about SOX:
http://www.sec.gov/news/press/4-497/rouchi031405.pdf
Not surprising really, when you consider that compliance costs run into millions of dollars and smaller companies JUST don’t have the internal resources, and external consultants are very expensive.
I don’t hear any comments from the consulting chaps.
They must be wishing that there’s a new SOX passed by Congress every year.
Comments?
RiOn
