The Sarbanes-Oxley Act of 2002 is now four years old, and companies, accountants and agencies are still arguing about who should have to comply and how those who are subject to the act can meet the compliance regulations.Smaller public companies are howling at what they see as onerous costs in implementing SOX measures and software. The good news is that there is finally lots of software available to help companies of all sizes in complying with SOX.

Of course, SOX is a large act, and as such, there are a considerable number of concerns in complying with the requirements. Still, most compliance efforts center on Sections 302 and 404. These sections mandate that public corporations maintain reliable and effective internal controls, and that management be able to state that these internal controls are in place and that they have been examined for effectiveness.

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