... extensions for full compliance with SOX but they do not appear to be receiving favors when it comes to its costs. The Cost of Being Public in the Era of Sarbanes‐Oxley, an annual study from Foley & Lardner LLP (2006) , reported in 2007 that: Laws and legislation Boards of Directors Small...

... of [the SMEs] are in for a pleasant surprise that it was not such an onerous thing as they were first led to believe – with a few exceptions (Andrews, 2005). Financial reporting Accounting standards Small enterprises Medium‐sized enterprises Large enterprises Australia The objective...