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WS+B
GA
has developed and designed a product specifically geared
towards venture-backed, privately held companies. Although
these companies are not currently required to comply with
the provisions of Section 404 of the Sarbanes-Oxley Act of
2002, recent findings have indicated that private companies
that are “SOX-ready” have earned higher purchase prices than
those that are not compliant. Certainly, having a
documented system of internal control is not just a matter
of compliance – it is just good business and prepares a
company for success. In addition, companies seeking capital
will improve their prospects by having a documented internal
control system in place. Private companies preparing to go
public or contemplating an acquisition by a public company
will have ensured that their company presents a far better
financial prospect for acquisition than an organization that
is not “SOX” ready.
Enter
SOX123, a SOX-compliant tool that is specifically
tailored for privately-held companies that are keen on being
“SOX-ready.” This tool applies the firm’s innovative
methodology that streamlines processes to provide cost and
time efficiency without compromising quality. Flexible and
scalable, SOX123 is a tailored solution that
reflects the specific needs and addresses the particular
issues of each unique client.
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