SEC rejects SOX exemption for small companies

Posted on May 18th, 2006

For months, the [tag]SEC[/tag] has been considering whether to exempt small companies from [tag]Section 404[/tag] of [tag]Sarbanes-Oxley[/tag]. Compliance with [tag]SOX[/tag] is expensive, and it was argued that smaller companies were overburdened. Instead of exempting the small companies, the SEC has decided it will make some of the [tag]audit[/tag] rules easier and less expensive for them.

Related posts:

  1. Possible Changes to Sarbanes-Oxley Within the Next Year
  2. Is the IRS picking on small businesses?
  3. Big frauds start small
  4. Changes to Sarbanes-Oxley Rejected By Senate
  5. Identity theft a huge problem for small businesses

Trackback from your site.

Leave a comment

Note that comments which are abusive to the author or other commenters will not be published. Also, comments promoting any multi-level marketing companies, pyramid schemes, or business opportunity scams will not be published. Please do not assume that the author agrees with or endorses any comments left by others.