Ask the Advisor – Q. Does my private company need to comply with any SOX provisions?
Abstract: This column explains how private companies can benefit from adopting Sarbanes-Oxley (SOX) provisions — particularly if they expect their business to be acquired by a public company. SOX adherence makes sellers more attractive to public company buyers, which can result in a higher sale price. Compliance with SOX can also improve a company’s image and reputation with investors, lenders and the public by demonstrating it has nothing to hide.