Compliance for Private Companies

Sarbanes-Oxley has significantly altered the expectations and operations of many private companies as well the targeted public companies. Either directly or indirectly many of the regulations will be extended to them.

By taking action now to comply voluntarily with many of these requirements, those companies preparing to go public (or being acquired) can be in a better position to achieve their goals sooner. In fact, many investors and potential acquirers may be willing to pay a premium to invest in companies with stable and safe corporate governance practices.

Also, both public and private companies alike must be able to comply with the so-called whistle-blower provision of the financial reporting law, which allows employees to anonymously report procedures to federal regulators or corporate audit committees any perceived wrongdoings in management and accounting.