Recent SOX Industry Headlines
Monday, May 7th, 2007
Small companies to get some Sarbanes-Oxley relief - Federal regulators say they’ll make it easier for small public companies to comply with the Sarbanes-Oxley Act’s costly audit requirements, but they don’t expect to extend the compliance deadline again.
Regulators Not in Favor of Small Business SOX Relief - Securities and Exchange Commission Chairman Christopher Cox isn’t ruling out further delays in applying stricter accounting requirements on small public companies but said such relief isn’t the option preferred by regulators.
Sarbanes-Oxley Advice for Smaller Public Companies - The SEC, up to now, has given smaller companies and their auditors more time to prepare - but time is almost up. Companies with fiscal years ending on or after Dec. 15 will have to start complying.
Helping small firms comply with Sarbanes Oxley is just good - By Sen. John F. Kerry
The Enron attitude is still alive and kicking - Niemeier, a member of the Public Company Accounting Oversight Board, fears too many companies see Enron as an aberration rather than a symptom of a larger problem.
Sarbanes-Oxley ‘not behind exodus of US companies to London’ - Instead, the study suggests that there are simply fewer companies of the type that would typically pursue an NYSE listing.
SEC’s Cox sees common accounting standards by 2009 - The U.S. and Europe should be able to achieve a single accounting standard by 2009.
Firms face non-exec demand in combined code push - Applying the combined code on corporate governance to accounting firms can improve audit quality and prevent the collapse of a major firm according to regulators.
SEC Returns Money to Broker’s Customers - The Securities and Exchange Commission on Thursday said it has distributed $79 million to current and former Edward D. Jones & Co. customers, described as "victims" of the brokerage firm’s previous questionable revenue-sharing and sales practices.
Barclays head trader in SEC eye - The Securities and Exchange Commission is investigating allegations that a head trader in New York for Britain’s Barclays PLC used confidential information on companies in bankruptcy to gain an advantage in trading bonds of the companies, according to a lawsuit.
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