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U.K. Group Seeks 404 Delay

European executives have complained that even if their companies delist from U.S. exchanges, they are still likely to be saddled with Sarbanes-Oxley compliance costs.

> > Digby Jones, director general of the United Kingdom Confederation of British Industry, will send a letter Monday to the SEC seeking "a significant extension to the deadline" for non-U.S. companies to comply with Sarbanes-Oxley Section 404, which requires companies to document their internal controls over financial reporting.
Source: CFO


Published:2005-02-08
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