{"id":967,"date":"2009-10-05T07:00:21","date_gmt":"2009-10-05T15:00:21","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=967"},"modified":"2009-10-05T07:00:21","modified_gmt":"2009-10-05T15:00:21","slug":"sarbanes-oxley-fourth-and-final-extension","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/sarbanes-oxley-fourth-and-final-extension\/","title":{"rendered":"Sarbanes-Oxley: Fourth and Final Extension"},"content":{"rendered":"

Sarbanes-Oxley was enacted in 2002, and since then small businesses have not let up in their complaints that the requirements were too costly and onerous for them to be able to comply with. The SEC has four times extended the final date for compliance for small companies. Small companies are defined as those with market capitalization below $75 million.<\/p>\n

The SEC says that they are serious now and that for the final time they are extending the date nine more months — compliance will be mandatory by June 15, 2010.<\/p>\n

“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 Chairman Mary Schapiro in the statement. Small companies will now need to complete both the management report (Sarbox 404a) and external auditor’s report (Sarbox 404b) on internal control.
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Sarbanes-Oxley was enacted in 2002, and since then small businesses have not let up in their complaints that the requirements were too costly and onerous for them to be able to comply with. The SEC has four times extended the…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,30],"tags":[],"class_list":["post-967","post","type-post","status-publish","format-standard","hentry","category-compliance","category-sarbanes-oxley"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=967"}],"version-history":[{"count":0,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/967\/revisions"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}