British computer society: Reporting compliance is not just a US issue, small businesses warned

Lewis, Roger
January 2006
Computer Weekly;1/31/2006, p2
Trade Publication
The article reports that the need for small and medium-sized enterprises to re-evaluate their business practices in the light of the U.S. financial reporting regulations has been a recurring theme at recent British Computer Society (BCS) specialist group meetings. The U.S. Sarbanes-Oxley anti-fraud legislation has been widely ignored by businesses that do not have links with the U.S. However, BCS members have warned that firms may come under pressure from an amendment to the UK Companies Act 1985, which follows the U.S. lead.


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