Hundreds of companies miss U.S. compliance deadline

Delays in filings is to be expected. These should be explained well and investors should be patient.

The new rules are complicated and procedures in many cases will have to be developed and implemented. This will take time.

OAM

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Hundreds of publicly traded U.S. companies have missed the deadline to file expanded versions of their annual reports, citing the cumbersome requirements of legislation intended to crack down on corporate fraud.

Companies are largely blaming it on the Sarbanes-Oxley Act of 2002. The landmark corporate-reform legislation mandates audited statements attesting to the status of internal procedures for ensuring clean accounting.

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