Thursday, March 03, 2005

SEC Grants Extensions

Regulators yesterday gave small public companies and foreign businesses whose stock trades on U.S. exchanges a one-year extension for complying with controversial new rules on financial controls.

Under the new timetable, those companies must begin certifying the effectiveness of their internal controls for the fiscal years ending on or after July 15, 2006. Controls cover such things as requiring multiple signatures on payroll checks and limiting computer access to a company's sensitive financial data.

SEC Grants Extensions

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