5 2 64 Impact of Sarbanes-Oxley Act. Your long-time client, Central Office Supply has been rapidly expanding, and the board of directors is considering taking the company public. CEO Terry Puckett has heard that costs of operating a public company have increased significantly as a resul of the Sarbanes-Oxley Act Puckett is particularly concerned with reports that audit fees have doubled because of internal control provisions of the act and PCAOB Auditing Standard No. 2201. Puckett has asked you to explain the possible effects on the audit of complying with the requirements of Sarbanes-Oxley. Required: Dralia letter to Puckett utining the changes inthe company's responsibilities for internal control and changes in the audit due to Sarbanes-Oxley and Auditing Standard No. 2201 PCAOB 5-4 0 plendid