Daniel Kim, CPA, is co-founder and co-CEO of the cloud audit management solutions company, AuditBoard. He was formerly global head of audit for two multibillion-dollar public companies and has over 15 years of audit, risk, compliance and SOX program consulting with hundreds of pre-IPO and public companies.
SOX compliance may seem like a dry topic, but this crucial step on the road to going public can be transformational for high-growth companies — if they approach it in the right spirit.
In the wake of a variety of accounting scandals that cost investors billions of dollars, the Sarbanes-Oxley Act was introduced in 2002 to provide assurance about the accuracy and completeness of financial statements.