SEC rejects SOX exemption for small companies


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.

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