SEC Mulls Easing Burden For Smaller Companies

Law360, New York (January 25, 2007, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has promised to weigh in on a proposal intended to ease the burden of the Sarbanes-Oxley Act on smaller public companies, agency officials said this week.

Conrad Hewitt, the SEC’s chief accountant, discussed the Public Company Accounting Oversight Board’s suggestions to SOX, which requires public companies to conduct yearly internal audits of their financial reports, at a meeting on Tuesday with the Foundation of Accounting Education in Washington, D.C.

“Although there will be change to the proposals I believe that...
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