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SEC May Delay Sarbox Implementation

Accounting reform has overloaded auditors and corporate clients.

> > Regulators are giving serious consideration to delaying implementation of the Sarbanes-Oxley Act.
As the timetable for implementation currently stands, accelerated corporate filers will be required to comply with Section 404 for fiscal years ended after Nov. 15, 2004, while the cut-off date for smaller companies and foreign private issuers will be July 15, 2005.
Source: CFO


Published:2004-08-16
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