Buy custom Private Companies Struggle with the Sarbanes-Oxley Act 
    
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                    Business
                
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Some companies have decided to implement only certain aspects of SOX. For example, according to Katz (2003), Cargill Inc., a Minneapolis-based private firm, has decided not to comply with section 404 (p.105). Cargill does not see the value in this provision, stating "?it's a lot of work, it's costly, and we don't really see the benefits" (Katz, 2003, p...
        
        
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Again, private companies are exonerated in their defiance to submit to compliance.
Pressure to Comply
In the days following the Enron and WorldCom scandals, private companies are starting to feel the pressure of complying with the Sarbanes-Oxley Act of 2002. Currently requirements of the act that apply to private companies include the following:
1) Criminal Liability for Document Destruction, 2) Increased Penalties for Securities Fraud, 3) Increased Liability for White Collar Crimes, 4) Liability for Retaliation against Whistle-Blowers and 5) Notice of Defined Benefit Plan Blackout Periods (Titus, 2003)...
        
        
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                                    Are Public companies more unethical than Private companies?
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