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Sarbanes-Oxley News & Developments
Give Little Guys a Break, SEC ToldSmaller companies need more flexibility to cope with the heavy costs and compliance demands of Sarbanes-Oxley, say a number of finance executives.
> > The SEC should consider letting more small companies take advantage of an internal-controls extension, and it should think about clearer guidelines for which controls missteps to report, executives testified at a recent SEC committee hearing.
At issue is what many see as the disproportionately large cost of regulatory compliance faced by small businesses in the wake of the Sarbanes-Oxley Act of 2002.
Source: CFO
Published:2005-06-22
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