United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-04-13 monographic deposited born digital 93 p. GA 1.13:GAO-06-361 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-361 P0b002ee180387f74 f:d06361 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-06-361 machine generated eng fdlp REPORT GAOREPORTS-GAO-06-361 GAO-06-361 Auditing procedures Auditing standards Audits Fees Internal controls Reporting requirements Small business Voluntary compliance Federal law Financial reporting Other Written Product A51638 Congress passed the Sarbanes-Oxley Act to help protect investors and restore investor confidence. While the act has generally been recognized as important and necessary, some concerns have been expressed about the cost for small businesses. In this report, GAO (1) analyzes the impact of the Sarbanes-Oxley Act on smaller public companies, particularly in terms of compliance costs; (2) describes responses of the Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) to concerns raised by smaller public companies; and (3) analyzes smaller public companies' access to auditing services and the extent to which the share of public companies audited by mid-sized and small accounting firms has changed since the act was passed. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-361/html/GAOREPORTS-GAO-06-361.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-361/pdf/GAOREPORTS-GAO-06-361.pdf GAO-06-361 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-361 Other Written Product GAO-06-361; Sarbanes-Oxley Act: Consideration of Key Principles Needed in Addressing Implementation for Smaller Public Companies; Auditing procedures Auditing standards Audits Fees Internal controls Reporting requirements Small business Voluntary compliance Federal law Financial reporting Volume 91 Page 1494 91 Stat. 1494 Volume 116 Page 745 116 Stat. 745