 |
Sarbanes-Oxley News & Developments
Small Companies Pay for Accounting ErrorsTwo restatements supply fodder for the case against providing Sarbox 404 regulatory breaks for diminuitive companies.
> > SEC chairman Christopher Cox said earlier this week that small companies should not necessarily expect a pass on complying with Section 404 of the Sarbanes-Oxley Act, which dictates stiff rules for assessing internal controls. Former SEC chairs Arthur Levitt, Richard Breeden, and Lynn Turner have already expressed their opposition to such exemptions.
Source: CFO
Published:2006-04-05
|
|
