Wednesday, December 12, 2007 After a year of listening to lawmakers hound him for another delay of the date when small companies must comply with the internal-control provision of the Sarbanes-Oxley Act, Securities and Exchange Commission Chairman Christopher Cox says he plans to supply such a reprieve. He intends to ask his fellow commissioners to put off for one year the moment when companies with a market capitalization below $75 million must start complying with the Section 404, he told Rep. Nydia Velazquez, who has been requesting such a decision. Out of the four-member commission, Cox has at least the support of one fellow Republican, Kathleen Casey, who earlier this week called for a 404 delay. The SEC is short one commissioner following Roel Campos' departure in the fall. Without an affirmative vote, smaller publicly traded companies are slated to submit their 404 management reports on 10-Ks filed on or after December 15, with auditor-attestation reports to be filed a year from now. One-year Delay on 404 in the Works Labels: 404 delay, Cox, non-accelerated filers, sub-$75M market cap Previous articles Security Governance and Risk Management
|
Sponsored by:
Kumquat: Get the feedback you deserve
Learn more
FREE to Inside Sarbanes Oxley readers
|
About inside Sarbanes-Oxley inside Sarbanes Oxley is dedicated to finding the best sources of news and information on the changing landscape of Sarbanes Oxley and compliance. Whether you call it SOX, Sarbox, or the Sarbanes-Oxley Act of 2002, look no further than inside Sarbanes Oxley. More Copyright © 2004-2006, Inside Sarbanes-Oxley
|
Additional resources Try these recently updated resources: RSS Feed Interested in staying up-to-date on all the latest Sarbanes-Oxley news? Subscribe to the inside Sarbanes-Oxley RSS feed and get all of the latest news on SOX delivered directly to your feed reader. inside
Sarbanes-Oxley RSS Feed
|
