Private companies react to Sarbanes-Oxley. (News Digest).
In a recent survey of 1,400 CFOs of privately held businesses, 58%
said they planned to implement specific practices in response to the
corporate governance Corporate Governance
The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. standards being imposed on their public
counterparts. These included:
Reviewing or changing current accounting procedures 44%
Creating or expanding the internal audit function 36%
Hiring an independent company for
consulting work 23%
Restructuring executive
compensation plans 8%
Taking some
other step 2%
Source: Robert Half Management
Resources, www.roberthalfmr.com
Note: Multiple answers
were permitted.
Note: Table made from bar graph.
COPYRIGHT 2003 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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