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SEC proposes delay of Sarbanes-Oxley reporting deadline

SEC proposes delay of Sarbanes-Oxley reporting deadline

by Rick Turoczy on August 14, 2006

The U.S. Securities and Exchange Commission, responding to complaints that the Sarbanes-Oxley Act puts too big a burden on small companies, said the deadline for them to comply should be put off until the end of next year.

The SEC last week proposed delaying by six months the July 15, 2007, date for small companies to start reporting on whether their financial controls promote accurate numbers and prevent fraud.

SEC proposes delay of Sarbanes-Oxley reporting deadline

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