volume 35, issue 1, P93-110 2019
DOI: 10.1108/maj-10-2018-2023
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Alan Blankley, David Hurtt, Jason MacGregor

Abstract: Purpose Central to the Sarbanes–Oxley Act was a requirement that every company have an audit of its internal control over financial reporting. However, there were concerns that this requirement was overly burdensome, from a financial perspective, for small businesses. This concern promoted several delays in enforcing the law for small companies and ultimately caused congress to permanently exempt small businesses. Yet, there are some small companies that voluntarily elect to comply with the law. The purpose o…

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