SEC Urged To Push Back SOX Compliance Deadline

Law360, New York (February 26, 2007, 12:00 AM EST) -- Two senators have asked the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board to hold back on implementing the new Sarbanes-Oxley Act requirements, citing widespread concerns by small companies.

Pushing the start date for SOX’s Section 404 requirements would give small firms time to review and adjust to the rules and ease the burden of compliance, Sens. John Kerry (D-Mass.) and Olympia Snowe (R-Maine) wrote in their letter on Friday.

The clause in the Sarbanes-Oxley Act of 2002 forces public companies to...
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