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Compliance Hotline

By ALM Staff | Law Journal Newsletters |
October 05, 2005

Small Firms to Get Another Internal Controls Extension

According to a published report in The Wall Street Journal (9/13/05), the SEC is expected to give small companies another year to comply with the internal-controls rule of Sarbanes Oxley. In March, the SEC, agreed to an initial 1-year delay for small businesses, and will now likely approve the second extension later this month according to the WSJ. If approved, companies with market capitalization of up to $75 million will have until July 2007 to comply with the rule.

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