17 Oct Your long-time client, Colorado Company, has been growing fast, prompting the board to consider taking the company public.
Your long-time client, Colorado Company, has been growing fast, prompting the board to consider taking the company public. CEO Billy Jean has heard that due to the SarbanesOxley Act, costs have increased significantly when operating a public company. Jean is especially apprehensive with reports that he can anticipate double the audit fees due to the internal control provisions of the Act and PCAOB Auditing Standard No. 2201. Jean has asked you to explain how the SarbanesOxley requirements may affect the audit.
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