Coso: SOX aid for smaller companies
REGULATORY UPDATE
The Coso guidance comes three months after the Securities and Exchange Commission (SEC) rejected a key recommendation of the advisory committee on smaller public companies. That recommendation called for Sarbanes-Oxley (SOX) relief for smaller public companies (those with less than $787 million in market capitalisation).
The advisory committee contended that the SOX Act Section 404 posed special challenges for smaller public companies, including: lack of clear guidance, a focus on detailed
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