Deloitte is claiming that the demands of Sarbanes-Oxley are dissuading companies from making acquisitions as CFOs take more care over due diligence. ?Deals are taking longer as CFOs take pains to ensure that they can certify the accounts and controls of target businesses,? says Deloitte corporate finance director Simon Russell. ?Some companies are being put off certain transactions altogether.?
Section 404 of Sox has the greatest bearing on M&A activity and requires that companies have a sound system of internal control over financial reporting.
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