What is the equivalent of the Sarbanes-Oxley Act for privately-held companies? | Compliance Sarbanes Oxley

What is the equivalent of the Sarbanes-Oxley Act for privately-held companies?

Who watches the little guys?

There’s no exact equivalent – but the IRS has a certain tendency to audit private firms who are perhaps trying to naively enter some famous accounting misrepresentations into their books.

Penalties are quite large for the unethical ‘little guys’ too!

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  1. capwest5a Says:
    March 1st, 2010 at 9:50 pm

    There’s no exact equivalent – but the IRS has a certain tendency to audit private firms who are perhaps trying to naively enter some famous accounting misrepresentations into their books.

    Penalties are quite large for the unethical ‘little guys’ too!
    References :

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