Monday, April 17, 2006

Mixed signals on small company exemptions


Is the Securities and Exchange Commission divided on the question of exempting smaller public companies from Sarbanes-Oxley? Or are the commissioners undecided and all over the place?

Last week, we had SEC chairman Christopher Cox telling small companies not to expect exemptions.

That was backed up this week by a piece in the Wall Street Journal suggesting that four out of the five commissioners were inclined to reject the SEC advisory committee's recommendation.

See full Article.