New Auditing Standard Is Win For Small Businesses

Law360, New York (May 31, 2007, 12:00 AM EDT) -- After years of protesting stringent corporate governance requirements, small businesses have finally made themselves heard, as evidenced by the testimony of regulators and industry groups at Tuesday's congressional hearing on the U.S. Security and Exchange Commission's recent amendments to the controversial Sarbanes-Oxley Act of 2002.

Issued at the end of May, the SEC's new interpretive guidance for Section 404 of the Act addresses the repeated protests of small businesses, who have long argued that auditing standard two, which governs the process for internal audits at public...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.