Group continues to push for small-business exemption to Sarb-Ox
Group continues to push for small-business exemption to Sarb-Ox
The Advisory Committee on Smaller Public Companies says it will continue to ask the government to exempt such companies from certain provisions of the Sarbanes-Oxley Act, saying the provisions are too costly for smaller firms. Former SEC chairman Richard Breeden said the group's request fails to clearly define a small company, and also said businesses that don't want to comply with Sarb-Ox should consider going private.
http://www.washingtonpost.com/wp-dyn/content/article/2006/04/12/AR2006041202073.html
posted by Victor Lloyd Smith @ 5:13 PM
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