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Sarbanes-Oxley News & Developments
Auditors, Clients Square Off over 404 ExemptionPublic companies, accounting firms fired their parting shots to the small-business committee of the SEC; professional investors were conspicuously silent.
> > A widening schism between auditors and their clients was apparent on Wednesday during a public teleconference of the SEC Advisory Committee on Smaller Public Companies. In general, said committee co-chairman Herbert Wander, clients favor exempting smaller companies from complying with certain provisions of Sarbanes-Oxley, while auditors oppose such an exemption.
Source: CFO
Published:2006-04-14
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