Small companies get SOX extension
Small public companies have landed a one-year reprieve for complying with the auditor attestation requirement included in Section 404 of the Sarbanes-Oxley Act.
Small public companies have landed a one-year reprieve for complying with the auditor attestation requirement included in Section 404 of the Sarbanes-Oxley Act. Last month, the SEC approved the extension, which allows smaller companies to provide the attestation in their annual reports for fiscal years ending on or after Dec. 15, 2009. Additionally, the SEC plans to study the costs and benefits of Section 404 on small companies. For more details, visit sec.gov/news/press/2008/2008-116.htm.
Learn more about reprints and licensing for this article.
