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SEC Weighs More Time for More Companies

Committee would give an additional year for small businesses to comply with Section 404 of Sarbanes-Oxley; it also recommends widening the definition of 'small company.'

> > "The committee is afraid that small public companies will waste money trying to comply with things that even the accounting firms do not yet understand," Gerald Laporte, the chief of the Office of Small Business Policy at the SEC, told Reuters.
Source: CFO


Published:2005-08-19
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