Resources for Sarbanes-Oxley (SOX)

Alabama congressman leads effort to hold off SOX regs

birmingham.bizjournals.com

Small public companies received a one-year reprieve from the federal requirement to file costly and in-depth audit reports under a provision of the Sarbanes-Oxley Act.

U.S. Rep. Spencer Bachus, R-Ala., sent a letter to U.S. Securities and Exchange Commission Chairman Christopher Cox in early December, asking to delay enforcing Section 404 - a regulation that many believe will increase audit costs and impose financial burdens on small- and medium-sized companies.

Last week, Cox agreed to delay the mandate until 2009 for public companies with less than $75 million in public equity.

View the Resource

Share or bookmarklet this web page at: