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SEC proposes extended deadlines for Sarbanes-Oxley compliance

SEC proposes extended deadlines for Sarbanes-Oxley compliance

by Rick Turoczy on August 22, 2006

The Securities and Exchange Commission wants to give small public companies more time to comply with the internal controls requirements of the Sarbanes-Oxley Act.

The SEC proposed extending Section 404 reporting deadlines for companies with less than $75 million in market capitalization. Under its proposal, management reports on the effectiveness of internal controls over financial reporting wouldn’t be due until after Dec. 15, 2007. The previous deadline was July 15, 2007.

SEC proposes extended deadlines for Sarbanes-Oxley compliance

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