Monday, November 14, 2005
Small Businesses Voice Concerns About Regulatory Compliance in National Survey on Sarbanes-Oxley (SOX)
Small Businesses Voice Concerns About Regulatory Compliance in National Survey on Sarbanes-Oxley (SOX): "The
study, which comes on the heels of a decision by the U.S. Securities and
Exchange Commission (SEC) to delay compliance requirements for small
businesses by one year, brings to light the opinions and difficulties faced by
small-business decision-makers managing SOX-related processes at public and
private small businesses nationwide. More than two-thirds of all small
businesses favor differing sets of compliance standards for small and large
companies, while others are outsourcing or cutting back in areas such as
marketing, research and personnel to meet compliance demands. As the leading
provider of financial and business management solutions to companies of all
sizes, SAP developed the survey to provide insight into the regulatory issues
and obstacles facing small companies attempting to grow operations and compete
in the larger marketplace."
study, which comes on the heels of a decision by the U.S. Securities and
Exchange Commission (SEC) to delay compliance requirements for small
businesses by one year, brings to light the opinions and difficulties faced by
small-business decision-makers managing SOX-related processes at public and
private small businesses nationwide. More than two-thirds of all small
businesses favor differing sets of compliance standards for small and large
companies, while others are outsourcing or cutting back in areas such as
marketing, research and personnel to meet compliance demands. As the leading
provider of financial and business management solutions to companies of all
sizes, SAP developed the survey to provide insight into the regulatory issues
and obstacles facing small companies attempting to grow operations and compete
in the larger marketplace."
