SEC Votes To Propose Measures To Clarify SOX
At an open meeting held Wednesday, the agency approved proposing for public comment interpretive guidance regarding a company’s evaluation of its internal controls over financial reporting.
“We are proposing this interpretative guidance to help management make their evaluation process more efficient and cost-effective, said SEC Chairman Christopher Cox. “In the absence of guidance, management has looked to the PCAOB's auditing standard to...
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