For most newly public companies, the Securities and Exchange Commission (SEC) offers relief from certain Sarbanes-Oxley (SOX) requirements allowing time to prepare for the more vigorous aspects of SOX compliance for up to nearly two years. But what if you end up a public company as part of a reverse merger? Can you still get the same relief?
In today’s global environment, many companies have operations that require maintaining their books of record in multiple currencies. Surprisingly enough, determining the appropriate currency to use for each entity is not always as easy as simply using the entity’s local currency.