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Senators Press SEC, PCAOB for 404 Delay

Senators Press SEC, PCAOB for 404 Delay

by Toby Lucich on February 26, 2007

With overall corporate spending on Sarbanes-Oxley compliance apparently leveling off, two prominent U.S. Senators are zeroing in on easing Sarbox internal-controls on the smallest public companies.

In a letter to Securities and Exchange Commission Chairman Christopher Cox and Public Company Accounting Oversight Board Chairman Mark Olson dated Friday, Senators John Kerry and Olympia Snowe called for an extension in the deadline for companies of less than $75 million in market capitalization to comply with Sarbox 404 rules.

Senators Press SEC, PCAOB for 404 Delay

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