Can anyone help me understand the requirement that a company must have an internal audit function when they go public? My company went public years ago but only this year lost the emerging growth status. I’m confused when our team may go from internal controls to internal audit and there is not much clarity provided from within.

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This may be helpful: https://a2q2.com/blog/what-is-sox-404b-compliance

I'm in this same field, so happy to answer any further questions if the above link doesn't clear it up!

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