SEC chief supports SOX delay for small firms
Securities and Exchange Commission Chairman Christopher Cox told a congressional committee last month that he wants to give small public companies more time to comply with certain parts of the 2002 Sarbanes-Oxley Act.
Securities and Exchange Commission Chairman Christopher Cox told a congressional committee last month that he wants to give small public companies more time to comply with certain parts of the 2002 Sarbanes-Oxley Act. In testimony before the House Small Business Committee, Mr. Cox said he expects the SEC to move early this year on giving smaller firms until 2009 to meet the SOX requirement that their internal financial controls are approved by an outside auditor. For more details and a look at Mr. Cox’s testimony, visit www.sec.gov/news/testimony/2007/ts121207cc.htm.
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