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Gartner: The SEC Fine-Tunes Operation of the Sarbanes-Oxley Act

Gartner: The SEC Fine-Tunes Operation of the Sarbanes-Oxley Act

by Rick Turoczy on September 26, 2005

Newly appointed SEC Chairman Christopher Cox, commenting on the proposal to ease quarterly filing deadlines and the extended deadline for small companies, said “[These changes] in no way reflect any desire to back away from the requirements of the Sarbanes-Oxley Act.” One commissioner echoed those sentiments, pointing out that the benefits of the financial reporting and disclosure laws far outweigh the burdens. Another commissioner said the changes were designed to ensure that meeting the deadlines did not result in poorer-quality filings. In extending the deadline for small businesses, the SEC highlighted the work of an advisory committee that had recommended the extension.

Gartner: The SEC Fine-Tunes Operation of the Sarbanes-Oxley Act

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