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Thursday, May 18, 2006

News flash: No Sarbanes-Oxley exemptions for smaller companies

As expected, the Securities and Exchange Commission has put out an announcement that smaller companies will not be exempted from the Section 404 rule designed to strengthen financial controls.What it will do instead is provide companies with better guidance...

After a long period of review and numerous discussions with interested parties, the SEC has decided that small company filers will not be exempt from SOX 404 compliance.

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posted by Norman Comstock @ 5:41 AM   0 comments

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