Thursday, November 29, 2007

Audit Opportunities Expand As Private Companies 'Go Bright'

Sarbanes-Oxley is creating jobs for internal control and audit professionals within companies not formally subject to the five-year-old law.

Initially, SOX drove many public companies to "go dark" - buy up nearly all their shares in order to exempt themselves from the law's costly requirements. Now, accounting and finance experts are noting the opposite phenomenon: A significant minority of non-public companies are voluntarily choosing to comply with key provisions of SOX - a trend that could be called "going bright."

Read the full story.

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