Many public companies in Silicon Valley have long complained about the burden of accounting regulations passed after corporate scandals such as Enron and Worldcom, but they're hoping to get some relief next month.
Beginning in early April, the Securities and Exchange Commission is scheduled to consider a proposal that would exempt smaller public companies from many provisions of the Sarbanes-Oxley Act, passed in 2002 and designed to boost financial controls at public companies.
The proposal would exempt from most Sarbanes-Oxley rules companies that have market values of $700 million or less. It would lighten the regulatory burden for about 80 percent of all publicly traded companies.
On Friday, debate about the proposal raged at a conference held at UC Berkeley, hosted by the Berkeley Center for Law, Business & the Economy.
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