SOX Fears Put at Ease


“I’m confident that once auditors and companies begin to comply with and implement the new standard, costs will be rational and appropriate for smaller public companies. From this point forward, issuers should have nothing to fear from section 404 of the Sarbanes-Oxley Act.”

Former SEC Commissioner Roel C. Campos,
at the SEC open meeting on the approval
of Auditing Standard no. 5, July 25.

Source: www.sec.gov.

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