Washington (Aug. 27, 2004) -- Citing concerns raised by companies and their auditors in meeting both Sarbanes-Oxley 404 compliance requirements and accelerated filing schedules, the Securities and Exchange Commission said that it may postpone by one year its mandate of having public companies file more rapidly quarterly and annual reports.

As previously reported, the SEC’s revised schedule would force companies to file their annual report no later than 60 days after their fiscal year-end and 35 days following the end of a quarter.

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