SEC promises auditor guidance for small businesses in time for Sarbanes-Oxley
NEWS
At an open meeting of the SEC last month, commissioners voted in favour of introducing more flexibility into the forthcoming guidance for auditors from the Public Company Accounting Oversight Board (PCAOB).
"These improvements in the Sox process are especially urgent for smaller companies, who will begin complying with Section 404 this year. The result of the new auditing standard for 404 should make internal control review and audit more efficient by focusing the effort on what truly matters to
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