Resources for Sarbanes-Oxley (SOX)
Chamber Calls SEC Delay of SOX 404(b) a Big Step for Helping Small Businesses
finchannel.com The U.S. Chamber of Commerce on June 23 applauded the Securities and Exchange Commission (SEC) for granting a one-year extension of Sarbanes-Oxley (SOX) Section 404(b) for small businesses.
“This is the right step to help small businesses as the SEC continues to make progress fixing the implementation of Sarbanes-Oxley,” said David Hirschmann, president of the Chamber’s Center for Capital Markets Competitiveness. “This delay will provide appropriate time for small businesses and their auditors to learn from the experience of larger companies as they comply with the re-drafted rules passed last year by both the SEC and the PCAOB.”
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