Regulator Calls For Extension Of SOX Deadlines

Law360, New York (January 22, 2007, 12:00 AM EST) -- Smaller companies groaning under the accounting and disclosure requirements mandated by the Sarbanes-Oxley Act of 2002 may be in line for a dose of relief in the form of an extension.

A top regulator has suggested the U.S. Securities and Exchange Commission might consider pushing back the deadline for smaller companies to comply with the Act’s notorious Section 404, Reuters reported Monday.

As the rules stand now, companies with a market capitalization of less than $75 million will have to have external auditors review their internal...
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