SEC: No more Sarbanes-Oxley delays for small firms

10/7/2009 | Reuters

The Securities and Exchange Commission said it would no longer offer extensions for small companies to comply with the Sarbanes-Oxley Act. Small firms, which have received four delays, have until June 15 to comply with the corporate reform law. "Since there will be no further commission extensions, it is important for all public companies and their auditors to act with deliberate speed to move toward full Section 404 compliance," SEC Chairwoman Mary Schapiro said.

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