study tools and other resources for aspiring beans

House OKs Delay Sarbanes-Oxley 404 Compliance for Small Businesses

N.J. Representative Scott Garrett proposed an amendment (page 147) to a large government appropriations bill that prohibits the SEC from enforcing the internal controls requirements of Section 404 on non-accelerated filers.  This would delay the pending effective date of compliance for businesses with less than $75 million in public float.  The Senate has not passed a similar provision – so the bill is not law at this time.   

Filed under: REAL WORLD

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: