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Sarbox 404: The New Feeling-Out Period

Sarbox 404: The New Feeling-Out Period

by Rick Turoczy on September 13, 2006

Next year, many finance executives will likely be able to take a sabbatical to get their companies’ internal controls up to snuff far from the annoying questions of independent auditors. But the executives shouldn’t avoid the auditors either, Securities and Exchange Commission officials says.

An August 9 SEC proposal would let newly public companies and smaller issuers complying with Section 404 of the Sarbanes-Oxley Act for the first time next year off the hook of having to provide a report on internal controls from their auditors in 2007.

Sarbox 404: The New Feeling-Out Period

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