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Monday, December 11, 2006

SEC Sarbanes-Oxley Changes to Give Small, Public Firms a Break

The U.S. Securities and Exchange Commission (SEC) is on Wednesday expected to start the process to modify existing auditing provisions for small, public firms within the Sarbanes-Oxley Act of 2002 (Sarbox) when it presents new rules related to section 404 of the act, The New York Times reports.

Under section 404 of Sarbox, publicly-traded firms are required to evaluate and document the safeguards they have in place to make sure their financials are reported accurately, the Times reports.


SEC Sarbanes-Oxley Changes to Give Small, Public Firms a Break


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