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The Impact of Sarbanes-Oxley Act 2002 (SOX) on Private Companies The Sarbanes-Oxley Act (SOX) has ushered in sweeping changes to corporate governance, putting compliance issues at the forefront for U.S. public companies. When SOX was adopted in 2002, the congressional record indicated that it was not intended to apply to any organization other than public companies. What initially seemed only to affect public companies is now also having far researching implication on corporate America as a whole. More
Roadmap to SOX Compliance Implementing Section 404 of SOX is a significant project requiring the active oversight and participation of company directors, executives, Section 404 project teams, internal audit directors, and many others. Companies will benefit from the careful planning, design, and implementation of an efficient, effective solution for sustainable compliance.	Beyond SOX Compliance As the first-year efforts of SOX compliance draws to a close for many companies, some key findings appear. It required a significant investment of management time, resources and money. A natural response to SOX for many organizations was to address SOX requirements as a discrete, one-time project.
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Learn More About the Sarbanes-Oxley Act 2002 (SOX) The reason Congress passed the law was dissatisfaction with business leadership. During the stock market run of the late 1990's many companies became swept up in a scandalous era internal deal making and manipulating stock prices.	Benefits to SOX Compliance The work required to meet the requirement of SOX should not be regarded as a compliance process, but rather as an investment opportunity to establish strong governance models designed to ensure accountability and responsiveness to business requirements.
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