Donaldson may bend a little on Sarbanes-Oxley

The regulatory authorities are responsive to the intensive work required and cost incurred in compliance all at once. Some reasonable time to reach the legislative requirements is the right and rational thing to do.

And this does NOT mean that companies that take advantage of the delays are in some way suspect in their controls.

We are requiring big changes to confirm to new rules and this means that the world needs time to adjust.

The Financial Times has written variously about this regulatory timing flexibility.

OAM

The head of the Securities and Exchange Commission has signalled he will respond to complaints by business about the soaring costs of the Sarbanes-Oxley governance law, but is warning that any concessions will be limited.

William Donaldson, SEC chairman, wants to reduce the costs of compliance with rules that require companies to report on internal controls against fraud.

See full Article.

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