3/9/2006
Foley’s 2006 Private Company Study Shows Organizations Adopting SOX Standards as “Best Practices”
Foley's 2006 Private Company Study Shows Private Organizations Continue to Adopt SOX Standards as "Best Practices," Despite the Intentions of CongressThe third annual study conducted by Foley & Lardner LLP, The Impact of Sarbanes-Oxley on Private & Nonprofit Companies, reveals that private organizations are continuing to adopt aspects of the Sarbanes-Oxley Act as a set of best practices, despite the fact that it runs contrary to the intentions of Congress in developing the Act. The 2006 study also reveals that private organizations are consistently self-imposing Sarbanes-Oxley standards and that nonprofit organizations have been more aggressive in their adoption of corporate governance reforms than their for-profit counterparts. Download The Impact of Sarbanes-Oxley on Private & Nonprofit Companies. Read the Press Release.
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