Change Sarbanes-Oxley Audit Rules?
It's not a good idea, based upon ACFE research that finds internal controls have a measurable impact on an organization’s exposure to fraud. The ACFE and its president, James D. Ratley, CFE, warn against the proposal to exempt some companies from Sectio
The Garrett-Adler amendment exempts public companies with market capitalizations below $75 million -- called "small issuers," but making up just over half of all publicly-traded companies -- from Section 404(b), the internal-control provision of the Sarbanes-Oxley Act that requires an audit report. ...read more.