Wednesday, May 23, 2007

SEC adopts new guidance for Sarbanes-Oxley

(Reuters) - The agency, by a 5-0 vote, encouraged companies to take a more risk-based approach to complying with Section 404 of the legislation.




"Congress never intended that the 404 process should become inflexible, burdensome and wasteful," SEC Chairman Christopher Cox said at the agency's open meeting.


Read more at Reuters.com Business News

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