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Sarbanes-OxleyACC 291 Effects Of The Sarbanes-Oxley Act Of 2002 On FinancialStatementsACC/291Its inevitable for a company to have down periods when they are notmaking a profit and sometimes even spending more than they arebringing in. Companies that are publically traded are governed andsanctioned more than sole proprietorships (SP) and Limited LiabilityCompanies (LLC). When the company is a sole proprietorship or alimited liability company government and regulations are basicallyreviewed and enforced internally. Thats a privileged that these types oforganizations have. Owners may sometime not handle financesappropriately or may not have checks and balances in place from anyoutside sources to make sure everything is handled correctly.Organizations of any other sort than SPs and LLCs are under thescrutiny of The Sarbanes Oxley Act. Sarbanes-Oxley Act of 2002 wa

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