SOX Modifications On The Horizon

Law360, New York (December 11, 2006, 12:00 AM EST) -- The U.S. Securities and Exchange Commission may finally heed the calls of small businesses, Wall Street firms and lawmakers and scale back some of the requirements of the Sarbanes-Oxley Act.

At Wednesday’s meeting, the Commission will vote on a proposal that would give small firms an additional year to comply with the reporting requirements set forth by Section 404 of Sarbanes-Oxley.

If approved, the extension would be the fifth of its kind since the law was passed. The original date for compliance was April 2005, but...
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