Small companies avoid internal controls attestations by taking on debt

The Securities and Exchange Commission recently voted to exempt many smaller public companies from the Sarbanes-Oxley requirement for auditor attestations of their internal controls over financial reporting, but many companies have been able to bypass those audits anyway.

Original Article Posted at : https://www.accountingtoday.com/news/small-companies-avoid-internal-controls-attestations-by-taking-on-debt