SEC: Small companies land another SOX extension
Small public companies have received another reprieve from having to comply with certain requirements of the Sarbanes-Oxley Act of 2002.
Small public companies have received another reprieve from having to comply with certain requirements of the Sarbanes-Oxley Act of 2002. Regulators recently amended a temporary rule issued in 2008 that let smaller companies wait until fiscal years ending on or after Dec. 15, 2009, to adhere to the auditor attestation requirements mandated by Section 404 of the act. Now, such companies must include such attestation reports in annual reports for fiscal years ending on or after June 15, 2010. For more information, visit sec.gov/rules/final/2009/33-9072.pdf.
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