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has to comply with SOX irrespective of their size. All the International companies listed in U.S. also have to comply with SOX.
International environment mismatch for SOX :
SOX compliance from foreign countries is a very debatable topic. Some countries simply are not at those levels of audit procedures and hence the environment for SOX is not conducive.
On the other hand, it can be understood that such companies need not be listed on the US stock exchange as the investors cannot be sure of governance practices in these companies.
High expense for small scale companies :
One drawback of this has been that lot of companies are becoming private because of not being able to cope with the SOX expenses...
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