US regulators moved yesterday to address one of the most controversial elements of Sarbanes-Oxley corporate compliance and auditing rules by pledging to offer companies guidance on how they should be implemented.
The move comes after months of calls by business groups and US lawmakers urging the Securities and Exchange Commission to clarify how companies should comply with section 404 of the 2002 law, passed in the wake of the collapses of Enron and other US behemoths.
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