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SEC Sarbanes-Oxley Changes to Give Small, Public Firms a Break

SEC Sarbanes-Oxley Changes to Give Small, Public Firms a Break

by Toby Lucich on December 11, 2006

The U.S. Securities and Exchange Commission (SEC) is on Wednesday expected to start the process to modify existing auditing provisions for small, public firms within the Sarbanes-Oxley Act of 2002 (Sarbox) when it presents new rules related to section 404 of the act, The New York Times reports.

Under section 404 of Sarbox, publicly-traded firms are required to evaluate and document the safeguards they have in place to make sure their financials are reported accurately, the Times reports.

SEC Sarbanes-Oxley Changes to Give Small, Public Firms a Break

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