Over a third of CFOs at privately-held companies believe that both private and public corporates should adhere to the corporate governance standards laid down by the Sarbanes-Oxley Act of July 2002.
The survey, by Robert Half International – the human resource consultant – also reveals that over half of CFOs at private companies think they should be making a structured response to the governance legislation.
A survey carried out in March 2003 confirms this. Almost 60% of non-public company CFOs reported that measures were being taken to review or modify accounting practices, as well as hiring external consultants for auditing work.
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