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12/14/2009

House Closer to Sparing Small Firms From Audit Costs of Sarbanes-Oxley

Lawmakers today defeated 271-153 an effort to remove an exemption from legislation overhauling Wall Street regulation. The bill retains language letting companies with market values less than $75 million avoid complying with the Sarbanes-Oxley Act’s audit requirements.

http://www.bloomberg.com/apps/news?pid=20601103&sid=a.I8GCzSWwRM

Posted at 10:51 AM in Compliance and Audit, Current Affairs, Federal, State, Local Government |

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