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ECT News Community   »   E-Commerce Times Talkback   »   Re: Sarbanes-Oxley: Insurmountable Hurdle for Small Business?

Re: Sarbanes-Oxley: Insurmountable Hurdle for Small Business?
Posted by: Theodore F. di Stefano 2004-09-10 11:27:00
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All executives of public companies know of the Sarbanes-Oxley Act (SOX), which was signed into law on July 30, 2002. Many owners of small businesses planning an IPO certainly are aware of it, and some dread it. In fact, there are owners of small-cap companies who have withdrawn their IPO applications because of their fear of SOX. Is this fear justified? In a word, no. First some background. When Congress was wrestling with the accounting scandals several years ago -- you remember Enron, don't you? -- it decided that something must be done. That "something" was SOX.

Re: Sarbanes-Oxley: Insurmountable Hurdle for Small Business?
Posted by: Teddistefano 2004-09-10 11:29:24 In reply to: Theodore F. di Stefano
I would really love to know if any of you out there have withdrawn IPOs because of SOX. I'm an investment banker as well as the author of the article, so this information would really be welcome. Thanks, Ted di Stefano
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