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Sarbanes-Oxley News & Developments
New Guidance on Small-business ControlsThe guidance focuses on the needs of smaller public companies regarding compliance with Section 404 of the Sarbanes-Oxley Act.
> > The COSO internal-control framework has been widely used by management and auditors in fulfilling Section 404 requirements, according to the SEC. After expressing concerns that existing frameworks are not appropriately tailored to a small-business control environment, the SEC staff encouraged COSO to address the needs of smaller businesses.
Source: CFO
Published:2005-10-26
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