Sponsored by the SEC and the PCAOB, the May 10 roundtable will only focus on second-year compliance experiences.
The Securities and Exchange Commission and the Public Company Accounting Oversight Board have made it clear that their upcoming May 10 roundtable on financial internal controls reporting and auditing will have little to do with the experiences of small companies.
That's because the panelists at the event will focus on second-year experiences involving compliance with Section 404 of the Sarbanes-Oxley Act. In a briefing paper on the roundtable posted on the SEC and PCAOB websites yesterday, the commission and the board stated that they're aware that smaller companies and foreign issuers in U.S. exchanges haven't yet had to comply with the rule and have voiced anxieties about their forthcoming compliance.
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