SOX Revisions: A Break for Small Biz?

New Sarbanes-Oxley guidelines allow companies to focus only on "high-risk" areas of financial controls, but the compliance deadline was not extended

Last month, the Securities & Exchange Commission and the Public Company Accounting Oversight Board (PCAOB) unveiled recommendations streamlining the internal-controls provisions of the Sarbanes-Oxley corporate reform act of 2002. The five-member board did not, however, extend the compliance deadline for smaller public companies, as some had hoped.

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