SOX compliance 448

  • Hi,
    I have heard that some US Federal and State authorities have decided only to buy from SOX compliant companies. Has anybody more information? If this is true, how will this work? Suppose a Swedish non-listed group has a subsidiary in America. Is it enough to make this subsidiary compliant?
    Swedish Sox Consultant

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  • Sounds like bull.
    This would mean, in effect, that those authorities were only going to buy from public companies - which would be an odd decision.
    Also, what would they mean by compliant? Would they buy from compliant companies with disclosed weaknesses or only those without weaknesses?
    Not practical, and probably not legal.

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