Putting on SOX When Not Required

Smart Pros notes that about 30% of faster-growing private companies have adopted Sarbanes-Oxley guidelines even though SOX guidelines are not required for these companies. The most common rationales are that Sarbanes-Oxley is a form of "best practices" and a way to avoid future legal problems. Private companies adopting SOX tend to be larger, technology-oriented and in the service sector.