Search
 

Is the SEC Nervous?

The SEC postpones Sarbanes-Oxley implementation for small businesses another year, taking time out to again reevaluate Auditing Standard 5

By Staff Writer | Updated on December 28, 2007

The Public Company Accounting Oversight Board’s Auditing Standard 5 (AS5) is about to be put to the test. Again. Securities and Exchange Commission Chairman Christopher Cox has launched a comprehensive cost-benefit analysis comparing AS5 to predecessor AS2 to determine if costs have come down enough to make small business compliance with Sarbanes-Oxley’s Section 404 economically feasible. Cox also postponed the deadline for small business compliance for another year, to 2009, by which time the results will be in.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.