Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Small Cap Companies Get Reprieve on Compliance With Sarbanes-Oxley

Small Cap Companies Get Reprieve on Compliance With Sarbanes-Oxley

by Rick Turoczy on August 21, 2006

Federal regulators are giving small public companies another extension to comply with one of the more costly provisions of the Sarbanes-Oxley law.

The Securities and Exchange Commission on Aug. 9 said smaller public firms — those with market capitalizations of less than $75 million — would get another year to comply with a provision calling for public companies to document and test their internal controls.

“This gives us a full additional year for certification,” said Pat Gray, the senior vice president of finance at Axesstel Inc., a maker of wireless phones. Gray said his firm previously was shooting to comply with the law’s internal control requirements by the end of 2007, but now has until the end of 2008.

Small Cap Companies Get Reprieve on Compliance With Sarbanes-Oxley

Leave a Comment

Previous post:

Next post: