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With Advice in Hand, What Now?

With Advice in Hand, What Now?

by Rick Turoczy on April 26, 2006

After more than a year, the Securities and Exchange Commission finally received a final report from its Advisory Committee on Smaller Public Companies.

There weren’t any surprises left in the 240-page document — its major recommendations, to exempt an estimated 80 percent of public companies from at least part of the internal controls provisions of the Sarbanes-Oxley Act, and exempt and companies with market values less than $125 million, was first announced in December.

And just as it was certainly no secret that members of the advisory panel largely sided with, and come from the perspective of, smaller public companies, in the past four months the hubbub has largely centered on whether the five-person SEC will do anything at all with the panel’s recommendations.

With Advice in Hand, What Now?

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