Regulator releases new guidance to help small business cope with section 404
In an effort to help smaller businesses implement the internal control requirements of the Sarbanes Oxley Act, the SEC has issued guidance to aid small businesses in understanding the regulations.
The guidelines, issued by Committee of Sponsoring Organizations of the Treadway Commission (COSO), were welcomed by SEC chief accountant Donald Nicolaisen as 'an important step forward in helping smaller businesses understand and apply COSO’s internal control framework in connection with implementing Section 404 of the Sarbanes-Oxley Act'.
See full Article. Also see SEC Press Release.
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