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With sound reason, the Sarbanes-Oxley Act has extended beyond the public arena to envelop the private firm, including the privately held and privately/publicly funded real estate concern.
Still, Congress responded to the scandals that destroyed or hobbled their companies by passing the Sarbanes-Oxley Act.
For most large companies, the setup work to comply with the Sarbanes-Oxley Act is history.
The Sarbanes-Oxley Act of 2002 represents the most meaningful and consequential corporate accountability legislation passed by the federal government since the 1930s.
For proof, you need look no further than Congress's enactment earlier this year to the Sarbanes-Oxley Act of 2002, which was intended to enhance corporate responsibility (through new corporate governance and disclosure obligations), to increase auditor independence and establish greater oversight of the audit process for public companies, and to toughen the penalties for securities law fraud and other violations.
com/reports/c42212) has announced the addition of Sarbanes-Oxley for Small Businesses: Leveraging Compliance for Maximum Advantage to their offering.
When KPMG established its 404 Institute (an extension of its Audit Institute) in September, its goal was to provide help for companies striving to meet the November 15 deadlines on financial reporting and internal controls under The Sarbanes-Oxley Act of 2002.
EXECUTIVE SUMMARY * THE SARBANES-OXLEY ACT HAS HAD a far-reaching impact on CPA firms, whether large, midsize or small.