Republicans attempted to make compliance optional for companies with a market value of less than $700 million.
The U.S. Senate on Tuesday defeated a Republican attempt to weaken 2002’s post-Enron Sarbanes-Oxley laws by making it optional for many corporations to comply with a controversial section on internal controls. By a vote of 62-35, the Senate set aside an amendment to make compliance with Sarbanes-Oxley’s Section 404 optional for companies with total market value of less than $700 million.
See full Article.
Posts
