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Audit at Google moves company even closer to IPO

Google moved closer to an initial public offering on Monday, as a company-paid audit certified its compliance with the requirements of the Sarbanes-Oxley law.

Google's board has been awaiting the report before giving the final go-ahead for the company to file a formal stock registration with the Securities and Exchange Commission, the New York Times said, citing executives involved with the process.

If the registration is approved at a Google board meeting that could take place as early as this week, the public offering would most likely take place during the last week in April, according to the Times.

Representatives for Mountain View, California-based Google could not immediately be reached for comment.

Source: Reuters