SEC Sets Final Deadline For SOX 404 Compliance

Law360, New York (October 3, 2009, 2:30 PM EDT) -- The U.S. Securities and Exchange Commission announced Friday that even the smallest publicly reporting companies will have to begin complying with Section 404 provisions of the Sarbanes-Oxley Act within nine months.

All public companies will be subject to the 404 internal control rules for their first annual reports for fiscal years ending on or after June 15, 2010, the agency said.

“Since there will be no further commission extensions, it is important for all public companies and their auditors to act with deliberate speed to move...
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