We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Cox Says No To SOX Exemptions

Law360 (April 4, 2006, 12:00 AM EDT) -- Securities and Exchange Commission Chairman Christopher Cox has said he will not exempt small companies from certain provisions of the Sarbanes-Oxley Act, speaking on the contentious issue for the first time.

Cox said that the SEC will not offer small companies a full exemption from the internal audit rules set forth by the Act, which mandates that an independent auditor review and issue a report on a company’s books.

“Our emphasis is on making 404 work and implementing it in a cost-effective and investor-protected way, rather...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.