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Home » GAO Report Finds SOX Rules Would Hit Smaller Companies Harder
GAO Report Finds SOX Rules Would Hit Smaller Companies Harder
May 12, 2006
Smaller public companies — including many biotechnology firms — face disproportionately higher costs as a percentage of revenue to meet the internal control requirements of Sarbanes-Oxley (SOX) than do their larger counterparts, according to a study by the Government Accountability Office (GAO).