As anticiapted, SEC eases SOX requirements

by Erin McCune on December 13, 2006

in Financial Reporting

In response to nearly four years of complaints from public companies, the SEC voted 5-0 on Wednesday to ease Sarbanes-Oxley requirements to make compliance easier and cheaper.

Christopher Cox, SEC Chairman commented [as quoted in the NYTimes]: “If America’s markets aren’t competitive, investors lose,” and “If
America’s markets are not transparent and open, investors lose.”

More detailed coverage:

New York Times
Washington Post

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