Delay on Sec. 404 for SME

SEC Chairman Christopher Cox plans to propose giving non-accelerated filers another year’s extension before they must get an auditor’s attestation on their internal controls, as required by Section 404 of Sarbanes-Oxley. Speaking at a House committee hearing Wednesday morning, Cox said the SEC will launch a study of Section 404 costs and benefits early next year; according to Cox, forcing non-accelerated filers to comply with Section 404(b) before that analysis was complete would be unwise.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: