Acc 599 assignment 1 – impact of the sarbanes-oxley act (sox)

Assume that you are a CEO of a medium-sized company that needs a significant influx of cash for several expansion projects. As the CEO, you must determine whether your company should remain private or go public. Some companies postpone going public due to the unpredictability of economic and market conditions. Consider the ramifications of both alternatives. Construct an argument for and against going public. Before providing your response, review the guidelines and regulations associated with going public by visiting Small Business and the SEC located at http://www.sec.gov/info/smallbus/qasbsec.htm.Use the Internet to research SOX law, located at http://www.sarbanes-oxley-101.com/sarbanes-oxley-compliance.htm.

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Write a four to five (4-5) page paper in which you:

  1. Outline three (3) ways in which      your medium-sized private company may benefit from going public, providing      a rationale for each.
  2. Create an argument that the same      goals may be achieved if the company remains a privately held entity.      Provide support for your argument.
  3. When a company decides to go      public, it can typically obtain capital by issuing stocks or bonds.      Suggest four (4) leading financial ratios that will be evaluated and how      each will impact the company’s decision to obtain expansion funds.      Determine whether the results of the ratios would alter the decision to go      public.
  4. By researching the results of SOX      compliance surveys, assess the financial impact that SOX might have on      your company if it decides to go public. Considering the impact of SOX      compliance, take a position as to whether your company can overcome the      challenges posed by SOX compliance if the decision is to go public. Based      on your research, support your decision by identifying the potential      advantages and disadvantages that SOX may have on your company. Provide      specific examples.
  5. Make a recommendation as the CEO      regarding the alternative (i.e., going public or staying private) that      will best support the company’s expansion goals. Support your position.
  6. Use at least four (4) quality      academic resources in this assignment. Note: Wikipedia      and other Websites do not qualify as academic resources