SOX Relief May Be in the Works for Small Public Companies
The University of California at Berkeley advocates of the proposal argued that smaller companies simply do not have the resources to maintain SOX compliance, and further noted that the cost of compliance for small companies can range from $2 million to $4 million.
Those favoring continued SOX compliance for all publicly traded companies counter that smaller companies are often those most in need of greater financial oversight and control, and that relaxing or eliminating regulations would lead to greater problems for small companies.
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