Effective Operations and Controls for the Small Privately held Business
By Rob Reider
Sarbanes-Oxley applies to publicly-traded companies in the United States, including all wholly-owned subsidiaries and all publicly-traded non-US companies doing business in the US. Also, any private companies that are preparing their initial public offering (IPO) will also need to comply with certain provisions of Sarbanes-Oxley. However what about the millions of small privately held businesses? Effective Operations and Controls for the Small Privately Held Business provides step by step guidance for small business owners to avoid mistakes and implement much needed oversight. The author begins with an understanding of the small business environment. The book includes survey questionnaires for all aspects of business operations as well as best practices and techniques for reducing costs and increasing revenues. More than a fourth of the book covers internal control considerations, effective controls by business type, IT controls, and management and the organization structure. Small privately held businesses seldom have internal audit function however those that do will find this book a useful tool for assessing operations and creating an effective control environment.